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$100,160$100,160$311,310
Remaining term (yrs)28.428.430.0
Secondary amount$0$211,150$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.673%7.640%
1st payment$674.21$674.21$2,155.45
2nd payment$0.00$1,363.68$0.00
Taxes / mo$56.67$56.67$56.67
Insurance / mo$150.00$150.00$150.00
MI / mo$46.64$46.64$62.26
HOA / mo$0.00$0.00$0.00
Total monthly$927.52$2,291.19$2,424.38
Cash to close$245,740$34,590$34,590