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$64,895$64,895$301,500
Remaining term (yrs)39.739.730.0
Secondary amount$0$236,605$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.556%7.640%
1st payment$371.07$371.07$2,087.53
2nd payment$0.00$1,528.08$0.00
Taxes / mo$288.00$288.00$288.00
Insurance / mo$150.00$150.00$150.00
MI / mo$29.77$29.77$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$838.84$2,366.91$2,585.83
Cash to close$270,105$33,500$33,500