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$39,976$39,976$314,550
Remaining term (yrs)5.45.430.0
Secondary amount$0$274,574$0
Funding fee$0$0$0
Note rate6.980%6.980%7.320%
Blended rate7.830%7.760%7.560%
1st payment$731.11$731.11$2,160.74
2nd payment$0.00$1,773.29$0.00
Taxes / mo$367.56$367.56$367.56
Insurance / mo$150.00$150.00$150.00
MI / mo$78.00$78.00$62.91
HOA / mo$45.00$45.00$45.00
Total monthly$1,371.67$3,144.97$2,786.21
Cash to close$309,524$34,950$34,950