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$55,632$55,632$242,910
Remaining term (yrs)9.59.530.0
Secondary amount$0$187,278$0
Funding fee$0$0$0
Note rate6.240%6.240%7.320%
Blended rate7.090%7.792%7.560%
1st payment$639.90$639.90$1,668.62
2nd payment$0.00$1,248.52$0.00
Taxes / mo$42.58$42.58$42.58
Insurance / mo$150.00$150.00$150.00
MI / mo$73.69$73.69$48.58
HOA / mo$175.00$175.00$175.00
Total monthly$1,081.17$2,329.69$2,084.79
Cash to close$214,268$26,990$26,990