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$61,359$61,359$305,100
Remaining term (yrs)6.36.330.0
Secondary amount$0$243,741$0
Funding fee$0$0$0
Note rate5.880%5.880%7.400%
Blended rate6.730%7.545%7.640%
1st payment$958.56$958.56$2,112.45
2nd payment$0.00$1,574.16$0.00
Taxes / mo$239.67$239.67$239.67
Insurance / mo$150.00$150.00$150.00
MI / mo$114.72$114.72$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,462.95$3,037.11$2,563.14
Cash to close$277,641$33,900$33,900