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$73,953$73,953$260,910
Remaining term (yrs)12.212.230.0
Secondary amount$0$186,957$0
Funding fee$0$0$0
Note rate5.500%5.500%7.320%
Blended rate6.350%7.532%7.560%
1st payment$689.28$689.28$1,792.27
2nd payment$0.00$1,246.38$0.00
Taxes / mo$336.23$336.23$336.23
Insurance / mo$150.00$150.00$150.00
MI / mo$85.99$85.99$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,261.50$2,507.87$2,330.68
Cash to close$215,947$28,990$28,990