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$76,866$76,866$301,410
Remaining term (yrs)14.014.030.0
Secondary amount$0$224,544$0
Funding fee$0$0$0
Note rate4.350%4.350%7.400%
Blended rate5.200%7.100%7.640%
1st payment$606.49$606.49$2,086.90
2nd payment$0.00$1,450.18$0.00
Taxes / mo$123.67$123.67$123.67
Insurance / mo$150.00$150.00$150.00
MI / mo$86.30$86.30$60.28
HOA / mo$23.33$23.33$23.33
Total monthly$989.78$2,439.96$2,444.18
Cash to close$258,034$33,490$33,490