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$35,946$35,946$281,250
Remaining term (yrs)5.05.030.0
Secondary amount$0$245,304$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.590%7.730%7.640%
1st payment$688.19$688.19$1,947.32
2nd payment$0.00$1,584.25$0.00
Taxes / mo$216.92$216.92$216.92
Insurance / mo$150.00$150.00$150.00
MI / mo$75.23$75.23$56.25
HOA / mo$170.00$170.00$170.00
Total monthly$1,300.34$2,884.59$2,540.48
Cash to close$276,554$31,250$31,250