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$76,159$76,159$382,500
Remaining term (yrs)8.98.930.0
Secondary amount$0$306,341$0
Funding fee$0$0$0
Note rate5.890%5.890%7.320%
Blended rate6.740%7.549%7.560%
1st payment$903.88$903.88$2,627.51
2nd payment$0.00$1,978.45$0.00
Taxes / mo$292.50$292.50$292.50
Insurance / mo$150.00$150.00$150.00
MI / mo$108.06$108.06$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,454.44$3,432.89$3,146.51
Cash to close$348,841$42,500$42,500