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$147,135$147,135$382,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$235,365$0
Funding fee$0$0$0
Note rate6.810%6.810%7.240%
Blended rate7.360%7.600%7.480%
1st payment$996.02$996.02$2,606.73
2nd payment$0.00$1,520.07$0.00
Taxes / mo$120.33$120.33$120.33
Insurance / mo$150.00$150.00$150.00
MI / mo$69.95$69.95$76.50
HOA / mo$16.50$16.50$16.50
Total monthly$1,352.80$2,872.87$2,970.06
Cash to close$277,865$42,500$42,500