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$95,064$95,064$373,500
Remaining term (yrs)11.211.230.0
Secondary amount$0$278,436$0
Funding fee$0$0$0
Note rate5.960%5.960%7.400%
Blended rate6.810%7.511%7.640%
1st payment$963.12$963.12$2,586.04
2nd payment$0.00$1,798.23$0.00
Taxes / mo$166.75$166.75$166.75
Insurance / mo$150.00$150.00$150.00
MI / mo$114.28$114.28$74.70
HOA / mo$33.33$33.33$33.33
Total monthly$1,427.48$3,225.71$3,010.82
Cash to close$319,936$41,500$41,500