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$58,110$58,110$243,000
Remaining term (yrs)8.58.530.0
Secondary amount$0$184,890$0
Funding fee$0$0$0
Note rate5.750%5.750%7.400%
Blended rate6.600%7.665%7.640%
1st payment$710.79$710.79$1,682.48
2nd payment$0.00$1,232.60$0.00
Taxes / mo$142.08$142.08$142.08
Insurance / mo$150.00$150.00$150.00
MI / mo$86.28$86.28$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,089.15$2,321.75$2,023.17
Cash to close$211,890$27,000$27,000