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$42,618$42,618$269,096
Remaining term (yrs)5.85.830.0
Secondary amount$0$226,478$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.390%7.693%7.640%
1st payment$725.47$725.47$1,863.16
2nd payment$0.00$1,462.67$0.00
Taxes / mo$222.33$222.33$222.33
Insurance / mo$150.00$150.00$150.00
MI / mo$80.96$80.96$53.82
HOA / mo$254.00$254.00$254.00
Total monthly$1,432.77$2,895.43$2,543.32
Cash to close$256,377$29,900$29,900