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$76,327$76,327$274,500
Remaining term (yrs)12.912.930.0
Secondary amount$0$198,173$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%7.402%7.560%
1st payment$666.38$666.38$1,885.62
2nd payment$0.00$1,321.15$0.00
Taxes / mo$82.42$82.42$82.42
Insurance / mo$150.00$150.00$150.00
MI / mo$87.93$87.93$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$986.73$2,307.88$2,172.94
Cash to close$228,673$30,500$30,500