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$93,560$93,560$288,000
Remaining term (yrs)22.422.430.0
Secondary amount$0$194,440$0
Funding fee$0$0$0
Note rate4.850%4.850%7.400%
Blended rate5.700%7.253%7.640%
1st payment$569.94$569.94$1,994.05
2nd payment$0.00$1,296.27$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$76.50$76.50$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,063.12$2,359.38$2,468.32
Cash to close$226,440$32,000$32,000