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$61,616$61,616$302,220
Remaining term (yrs)12.712.730.0
Secondary amount$0$240,604$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.363%7.640%
1st payment$542.91$542.91$2,092.51
2nd payment$0.00$1,553.90$0.00
Taxes / mo$302.67$302.67$302.67
Insurance / mo$150.00$150.00$150.00
MI / mo$71.64$71.64$60.44
HOA / mo$0.00$0.00$0.00
Total monthly$1,067.22$2,621.12$2,605.63
Cash to close$274,184$33,580$33,580