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$63,591$63,591$350,100
Remaining term (yrs)12.912.930.0
Secondary amount$0$286,509$0
Funding fee$0$0$0
Note rate5.120%5.120%7.320%
Blended rate5.970%7.427%7.560%
1st payment$556.56$556.56$2,404.94
2nd payment$0.00$1,850.37$0.00
Taxes / mo$218.42$218.42$218.42
Insurance / mo$150.00$150.00$150.00
MI / mo$72.45$72.45$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$997.43$2,847.80$2,843.38
Cash to close$325,409$38,900$38,900