Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$111,723$111,723$260,100
Remaining term (yrs)29.729.730.0
Secondary amount$0$148,377$0
Funding fee$0$0$0
Note rate6.520%6.520%7.400%
Blended rate7.070%7.601%7.640%
1st payment$708.91$708.91$1,800.88
2nd payment$0.00$989.18$0.00
Taxes / mo$294.17$294.17$294.17
Insurance / mo$150.00$150.00$150.00
MI / mo$51.30$51.30$52.02
HOA / mo$42.58$42.58$42.58
Total monthly$1,246.96$2,236.14$2,339.65
Cash to close$177,277$28,900$28,900