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$53,934$53,934$283,050
Remaining term (yrs)6.66.630.0
Secondary amount$0$229,116$0
Funding fee$0$0$0
Note rate5.500%5.500%7.320%
Blended rate6.350%7.483%7.560%
1st payment$798.60$798.60$1,944.36
2nd payment$0.00$1,479.70$0.00
Taxes / mo$184.42$184.42$184.42
Insurance / mo$150.00$150.00$150.00
MI / mo$99.63$99.63$56.61
HOA / mo$367.00$367.00$367.00
Total monthly$1,599.64$3,079.34$2,702.38
Cash to close$260,566$31,450$31,450