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$64,903$64,903$305,100
Remaining term (yrs)11.611.630.0
Secondary amount$0$240,197$0
Funding fee$0$0$0
Note rate6.060%6.060%7.400%
Blended rate6.910%7.571%7.640%
1st payment$644.58$644.58$2,112.45
2nd payment$0.00$1,551.27$0.00
Taxes / mo$161.58$161.58$161.58
Insurance / mo$150.00$150.00$150.00
MI / mo$75.67$75.67$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,031.83$2,583.11$2,485.05
Cash to close$274,097$33,900$33,900