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$71,470$71,470$288,000
Remaining term (yrs)18.118.130.0
Secondary amount$0$216,530$0
Funding fee$0$0$0
Note rate5.570%5.570%7.400%
Blended rate6.420%7.420%7.640%
1st payment$520.54$520.54$1,994.05
2nd payment$0.00$1,398.42$0.00
Taxes / mo$245.17$245.17$245.17
Insurance / mo$150.00$150.00$150.00
MI / mo$70.83$70.83$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$986.54$2,384.96$2,446.82
Cash to close$248,530$32,000$32,000