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$79,481$79,481$346,500
Remaining term (yrs)7.97.930.0
Secondary amount$0$267,019$0
Funding fee$0$0$0
Note rate5.830%5.830%7.400%
Blended rate6.680%7.505%7.640%
1st payment$1,029.52$1,029.52$2,399.10
2nd payment$0.00$1,724.50$0.00
Taxes / mo$343.33$343.33$343.33
Insurance / mo$150.00$150.00$150.00
MI / mo$123.88$123.88$69.30
HOA / mo$26.67$26.67$26.67
Total monthly$1,673.41$3,397.91$2,988.40
Cash to close$305,519$38,500$38,500