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$110,256$110,256$305,100
Remaining term (yrs)29.429.430.0
Secondary amount$0$194,844$0
Funding fee$0$0$0
Note rate6.160%6.160%7.400%
Blended rate6.710%7.534%7.640%
1st payment$676.39$676.39$2,112.45
2nd payment$0.00$1,298.96$0.00
Taxes / mo$31.25$31.25$31.25
Insurance / mo$150.00$150.00$150.00
MI / mo$50.83$50.83$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$908.48$2,207.44$2,354.72
Cash to close$228,744$33,900$33,900