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$75,224$75,224$337,950
Remaining term (yrs)20.320.330.0
Secondary amount$0$262,726$0
Funding fee$0$0$0
Note rate4.200%4.200%7.320%
Blended rate5.050%7.149%7.560%
1st payment$457.77$457.77$2,321.48
2nd payment$0.00$1,696.77$0.00
Taxes / mo$65.58$65.58$65.58
Insurance / mo$150.00$150.00$150.00
MI / mo$66.31$66.31$67.59
HOA / mo$151.67$151.67$151.67
Total monthly$891.33$2,588.10$2,756.33
Cash to close$300,276$37,550$37,550