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$54,718$54,718$284,400
Remaining term (yrs)13.613.630.0
Secondary amount$0$229,682$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%7.433%7.560%
1st payment$466.29$466.29$1,953.63
2nd payment$0.00$1,483.36$0.00
Taxes / mo$87.75$87.75$87.75
Insurance / mo$150.00$150.00$150.00
MI / mo$59.81$59.81$56.88
HOA / mo$174.00$174.00$174.00
Total monthly$937.85$2,421.22$2,422.26
Cash to close$261,282$31,600$31,600