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$79,303$79,303$342,000
Remaining term (yrs)14.314.330.0
Secondary amount$0$262,697$0
Funding fee$0$0$0
Note rate4.860%4.860%7.320%
Blended rate5.710%7.277%7.560%
1st payment$638.48$638.48$2,349.30
2nd payment$0.00$1,696.58$0.00
Taxes / mo$149.50$149.50$149.50
Insurance / mo$150.00$150.00$150.00
MI / mo$85.61$85.61$68.40
HOA / mo$75.00$75.00$75.00
Total monthly$1,098.59$2,795.17$2,792.20
Cash to close$300,697$38,000$38,000