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$70,276$70,276$325,800
Remaining term (yrs)8.28.230.0
Secondary amount$0$255,524$0
Funding fee$0$0$0
Note rate5.680%5.680%7.400%
Blended rate6.530%7.487%7.640%
1st payment$883.79$883.79$2,255.77
2nd payment$0.00$1,650.26$0.00
Taxes / mo$116.13$116.13$116.13
Insurance / mo$150.00$150.00$150.00
MI / mo$108.10$108.10$65.16
HOA / mo$0.00$0.00$0.00
Total monthly$1,258.01$2,908.27$2,587.06
Cash to close$291,724$36,200$36,200