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$61,009$61,009$247,455
Remaining term (yrs)14.614.630.0
Secondary amount$0$186,446$0
Funding fee$0$0$0
Note rate4.840%4.840%7.400%
Blended rate5.690%7.430%7.640%
1st payment$482.90$482.90$1,713.33
2nd payment$0.00$1,242.97$0.00
Taxes / mo$181.33$181.33$181.33
Insurance / mo$150.00$150.00$150.00
MI / mo$64.90$64.90$49.49
HOA / mo$448.00$448.00$448.00
Total monthly$1,327.13$2,570.10$2,542.15
Cash to close$213,941$27,495$27,495