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$55,732$55,732$324,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$268,268$0
Funding fee$0$0$0
Note rate5.810%5.810%7.320%
Blended rate6.660%7.563%7.560%
1st payment$347.12$347.12$2,225.66
2nd payment$0.00$1,732.57$0.00
Taxes / mo$635.00$635.00$635.00
Insurance / mo$150.00$150.00$150.00
MI / mo$41.86$41.86$64.80
HOA / mo$8.33$8.33$8.33
Total monthly$1,182.31$2,914.88$3,083.79
Cash to close$304,268$36,000$36,000