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$66,055$66,055$314,910
Remaining term (yrs)9.89.830.0
Secondary amount$0$248,855$0
Funding fee$0$0$0
Note rate6.730%6.730%7.320%
Blended rate7.580%7.714%7.560%
1st payment$757.79$757.79$2,163.21
2nd payment$0.00$1,607.19$0.00
Taxes / mo$143.83$143.83$143.83
Insurance / mo$150.00$150.00$150.00
MI / mo$82.93$82.93$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,134.55$2,741.74$2,520.03
Cash to close$283,845$34,990$34,990