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$76,150$76,150$246,600
Remaining term (yrs)21.621.630.0
Secondary amount$0$170,450$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%7.413%7.560%
1st payment$489.95$489.95$1,693.97
2nd payment$0.00$1,136.33$0.00
Taxes / mo$135.33$135.33$135.33
Insurance / mo$150.00$150.00$150.00
MI / mo$62.85$62.85$49.32
HOA / mo$0.00$0.00$0.00
Total monthly$838.13$1,974.46$2,028.62
Cash to close$197,850$27,400$27,400