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$111,252$111,252$270,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$158,748$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.580%7.827%7.640%
1st payment$760.48$760.48$1,869.43
2nd payment$0.00$1,058.32$0.00
Taxes / mo$90.17$90.17$90.17
Insurance / mo$150.00$150.00$150.00
MI / mo$52.23$52.23$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,052.87$2,111.19$2,163.59
Cash to close$188,748$30,000$30,000