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$78,897$78,897$292,497
Remaining term (yrs)10.710.730.0
Secondary amount$0$213,600$0
Funding fee$0$0$0
Note rate6.370%6.370%7.400%
Blended rate7.220%7.607%7.640%
1st payment$841.75$841.75$2,025.19
2nd payment$0.00$1,379.50$0.00
Taxes / mo$225.25$225.25$225.25
Insurance / mo$150.00$150.00$150.00
MI / mo$95.62$95.62$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,312.62$2,692.12$2,458.94
Cash to close$246,100$32,500$32,500