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$76,320$76,320$277,200
Remaining term (yrs)12.612.630.0
Secondary amount$0$200,880$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.227%7.640%
1st payment$675.61$675.61$1,919.28
2nd payment$0.00$1,297.35$0.00
Taxes / mo$177.17$177.17$177.17
Insurance / mo$150.00$150.00$150.00
MI / mo$89.15$89.15$55.44
HOA / mo$332.00$332.00$332.00
Total monthly$1,423.92$2,721.27$2,633.88
Cash to close$231,680$30,800$30,800