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$75,960$75,960$297,000
Remaining term (yrs)12.812.830.0
Secondary amount$0$221,040$0
Funding fee$0$0$0
Note rate5.200%5.200%7.400%
Blended rate6.050%7.315%7.640%
1st payment$673.95$673.95$2,056.37
2nd payment$0.00$1,427.55$0.00
Taxes / mo$168.17$168.17$168.17
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$59.40
HOA / mo$319.00$319.00$319.00
Total monthly$1,398.06$2,825.61$2,752.93
Cash to close$254,040$33,000$33,000