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$113,700$113,700$427,410
Remaining term (yrs)28.128.130.0
Secondary amount$0$313,710$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.524%7.640%
1st payment$722.37$722.37$2,959.30
2nd payment$0.00$2,026.04$0.00
Taxes / mo$413.42$413.42$413.42
Insurance / mo$166.67$166.67$166.67
MI / mo$53.21$53.21$85.48
HOA / mo$61.00$61.00$61.00
Total monthly$1,416.66$3,442.71$3,685.87
Cash to close$361,200$47,490$47,490