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$86,999$86,999$310,410
Remaining term (yrs)10.510.530.0
Secondary amount$0$223,411$0
Funding fee$0$0$0
Note rate6.140%6.140%7.400%
Blended rate6.990%7.537%7.640%
1st payment$928.05$928.05$2,149.22
2nd payment$0.00$1,442.86$0.00
Taxes / mo$149.58$149.58$149.58
Insurance / mo$150.00$150.00$150.00
MI / mo$108.02$108.02$62.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,335.65$2,778.51$2,510.88
Cash to close$257,901$34,490$34,490