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$87,732$87,732$269,910
Remaining term (yrs)11.511.530.0
Secondary amount$0$182,178$0
Funding fee$0$0$0
Note rate5.880%5.880%7.320%
Blended rate6.730%7.587%7.560%
1st payment$867.46$867.46$1,854.09
2nd payment$0.00$1,214.52$0.00
Taxes / mo$151.42$151.42$151.42
Insurance / mo$150.00$150.00$150.00
MI / mo$103.82$103.82$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,272.70$2,487.22$2,209.49
Cash to close$212,168$29,990$29,990