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$41,305$41,305$251,910
Remaining term (yrs)8.58.530.0
Secondary amount$0$210,605$0
Funding fee$0$0$0
Note rate6.020%6.020%7.320%
Blended rate6.870%7.606%7.560%
1st payment$510.71$510.71$1,730.45
2nd payment$0.00$1,360.16$0.00
Taxes / mo$85.50$85.50$85.50
Insurance / mo$150.00$150.00$150.00
MI / mo$60.21$60.21$50.38
HOA / mo$60.00$60.00$60.00
Total monthly$866.42$2,226.58$2,076.33
Cash to close$238,595$27,990$27,990