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$60,905$60,905$256,500
Remaining term (yrs)5.55.530.0
Secondary amount$0$195,595$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%7.945%7.640%
1st payment$1,085.27$1,085.27$1,775.95
2nd payment$0.00$1,303.97$0.00
Taxes / mo$168.58$168.58$168.58
Insurance / mo$150.00$150.00$150.00
MI / mo$116.49$116.49$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,520.34$2,824.30$2,145.84
Cash to close$224,095$28,500$28,500