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$75,625$75,625$359,100
Remaining term (yrs)12.612.630.0
Secondary amount$0$283,475$0
Funding fee$0$0$0
Note rate5.380%5.380%7.400%
Blended rate6.230%7.430%7.640%
1st payment$684.11$684.11$2,486.34
2nd payment$0.00$1,830.77$0.00
Taxes / mo$188.50$188.50$188.50
Insurance / mo$150.00$150.00$150.00
MI / mo$86.49$86.49$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,109.09$2,939.87$2,896.66
Cash to close$323,375$39,900$39,900