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$70,518$70,518$263,700
Remaining term (yrs)13.013.030.0
Secondary amount$0$193,182$0
Funding fee$0$0$0
Note rate5.040%5.040%7.320%
Blended rate5.890%7.436%7.560%
1st payment$611.57$611.57$1,811.44
2nd payment$0.00$1,287.88$0.00
Taxes / mo$227.75$227.75$227.75
Insurance / mo$150.00$150.00$150.00
MI / mo$80.33$80.33$52.74
HOA / mo$1.33$1.33$1.33
Total monthly$1,070.98$2,358.86$2,243.26
Cash to close$222,482$29,300$29,300