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$40,352$40,352$224,910
Remaining term (yrs)5.85.830.0
Secondary amount$0$184,558$0
Funding fee$0$0$0
Note rate4.790%4.790%7.320%
Blended rate5.640%7.577%7.560%
1st payment$653.79$653.79$1,544.98
2nd payment$0.00$1,230.39$0.00
Taxes / mo$127.17$127.17$127.17
Insurance / mo$150.00$150.00$150.00
MI / mo$88.37$88.37$44.98
HOA / mo$337.00$337.00$337.00
Total monthly$1,356.33$2,586.72$2,204.12
Cash to close$209,548$24,990$24,990