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$83,587$83,587$369,450
Remaining term (yrs)7.37.330.0
Secondary amount$0$285,863$0
Funding fee$0$0$0
Note rate5.750%5.750%7.400%
Blended rate6.600%7.490%7.640%
1st payment$1,155.85$1,155.85$2,558.00
2nd payment$0.00$1,846.20$0.00
Taxes / mo$198.58$198.58$198.58
Insurance / mo$150.00$150.00$150.00
MI / mo$140.30$140.30$73.89
HOA / mo$50.00$50.00$50.00
Total monthly$1,694.73$3,540.92$3,030.47
Cash to close$326,913$41,050$41,050