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$69,575$69,575$314,910
Remaining term (yrs)12.712.730.0
Secondary amount$0$245,335$0
Funding fee$0$0$0
Note rate4.880%4.880%7.320%
Blended rate5.730%7.304%7.560%
1st payment$608.82$608.82$2,163.21
2nd payment$0.00$1,584.45$0.00
Taxes / mo$278.34$278.34$278.34
Insurance / mo$150.00$150.00$150.00
MI / mo$81.44$81.44$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,118.60$2,703.05$2,654.53
Cash to close$280,325$34,990$34,990