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$95,200$95,200$377,910
Remaining term (yrs)10.710.730.0
Secondary amount$0$282,710$0
Funding fee$0$0$0
Note rate5.700%5.700%7.400%
Blended rate6.550%7.448%7.640%
1st payment$983.22$983.22$2,616.57
2nd payment$0.00$1,825.83$0.00
Taxes / mo$145.75$145.75$145.75
Insurance / mo$150.00$150.00$150.00
MI / mo$119.99$119.99$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,398.96$3,224.79$2,987.90
Cash to close$324,700$41,990$41,990