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$122,994$122,994$447,300
Remaining term (yrs)26.926.930.0
Secondary amount$0$324,306$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.684%7.640%
1st payment$842.76$842.76$3,097.01
2nd payment$0.00$2,094.48$0.00
Taxes / mo$304.17$304.17$304.17
Insurance / mo$166.67$166.67$166.67
MI / mo$58.29$58.29$89.46
HOA / mo$0.00$0.00$0.00
Total monthly$1,371.89$3,466.37$3,657.31
Cash to close$374,006$49,700$49,700