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$49,908$49,908$314,910
Remaining term (yrs)6.76.730.0
Secondary amount$0$265,002$0
Funding fee$0$0$0
Note rate5.310%5.310%7.400%
Blended rate6.160%7.498%7.640%
1st payment$727.05$727.05$2,180.37
2nd payment$0.00$1,711.47$0.00
Taxes / mo$145.46$145.46$145.46
Insurance / mo$150.00$150.00$150.00
MI / mo$92.64$92.64$62.98
HOA / mo$22.58$22.58$22.58
Total monthly$1,137.73$2,849.20$2,561.40
Cash to close$299,992$34,990$34,990