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$86,922$86,922$278,910
Remaining term (yrs)13.413.430.0
Secondary amount$0$191,988$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.486%7.640%
1st payment$758.20$758.20$1,931.12
2nd payment$0.00$1,279.92$0.00
Taxes / mo$212.75$212.75$212.75
Insurance / mo$150.00$150.00$150.00
MI / mo$94.59$94.59$55.78
HOA / mo$231.00$231.00$231.00
Total monthly$1,446.54$2,726.46$2,580.65
Cash to close$222,978$30,990$30,990