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$43,998$43,998$247,500
Remaining term (yrs)13.113.130.0
Secondary amount$0$203,502$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.412%7.640%
1st payment$378.98$378.98$1,713.64
2nd payment$0.00$1,314.29$0.00
Taxes / mo$261.33$261.33$261.33
Insurance / mo$150.00$150.00$150.00
MI / mo$50.01$50.01$49.50
HOA / mo$190.00$190.00$190.00
Total monthly$1,030.32$2,344.61$2,364.47
Cash to close$231,002$27,500$27,500