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$65,537$65,537$337,500
Remaining term (yrs)12.612.630.0
Secondary amount$0$271,963$0
Funding fee$0$0$0
Note rate4.780%4.780%7.400%
Blended rate5.630%7.338%7.640%
1st payment$572.88$572.88$2,336.78
2nd payment$0.00$1,756.42$0.00
Taxes / mo$162.42$162.42$162.42
Insurance / mo$150.00$150.00$150.00
MI / mo$77.52$77.52$67.50
HOA / mo$590.00$590.00$590.00
Total monthly$1,552.82$3,309.24$3,306.70
Cash to close$309,463$37,500$37,500