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$60,827$60,827$247,410
Remaining term (yrs)13.013.030.0
Secondary amount$0$186,583$0
Funding fee$0$0$0
Note rate5.040%5.040%7.400%
Blended rate5.890%7.481%7.640%
1st payment$527.52$527.52$1,713.02
2nd payment$0.00$1,243.89$0.00
Taxes / mo$229.67$229.67$229.67
Insurance / mo$150.00$150.00$150.00
MI / mo$69.29$69.29$49.48
HOA / mo$158.00$158.00$158.00
Total monthly$1,134.48$2,378.37$2,300.17
Cash to close$214,073$27,490$27,490