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$84,090$84,090$276,210
Remaining term (yrs)26.426.430.0
Secondary amount$0$192,120$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.586%7.640%
1st payment$533.40$533.40$1,912.42
2nd payment$0.00$1,280.80$0.00
Taxes / mo$82.50$82.50$82.50
Insurance / mo$150.00$150.00$150.00
MI / mo$40.39$40.39$55.24
HOA / mo$100.00$100.00$100.00
Total monthly$906.29$2,187.09$2,300.16
Cash to close$222,810$30,690$30,690