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$56,497$56,497$292,500
Remaining term (yrs)13.813.830.0
Secondary amount$0$236,003$0
Funding fee$0$0$0
Note rate4.740%4.740%7.320%
Blended rate5.590%7.333%7.560%
1st payment$462.71$462.71$2,009.27
2nd payment$0.00$1,524.19$0.00
Taxes / mo$109.42$109.42$109.42
Insurance / mo$150.00$150.00$150.00
MI / mo$62.90$62.90$58.50
HOA / mo$31.67$31.67$31.67
Total monthly$816.70$2,340.89$2,358.86
Cash to close$268,503$32,500$32,500