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$98,949$98,949$297,000
Remaining term (yrs)10.510.530.0
Secondary amount$0$198,051$0
Funding fee$0$0$0
Note rate6.380%6.380%7.320%
Blended rate7.230%7.743%7.560%
1st payment$1,067.66$1,067.66$2,040.18
2nd payment$0.00$1,320.34$0.00
Taxes / mo$212.33$212.33$212.33
Insurance / mo$150.00$150.00$150.00
MI / mo$121.16$121.16$59.40
HOA / mo$161.00$161.00$161.00
Total monthly$1,712.15$3,032.49$2,622.92
Cash to close$231,051$33,000$33,000