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$82,362$82,362$346,500
Remaining term (yrs)12.912.930.0
Secondary amount$0$264,138$0
Funding fee$0$0$0
Note rate5.190%5.190%7.320%
Blended rate6.040%7.344%7.560%
1st payment$727.05$727.05$2,380.21
2nd payment$0.00$1,705.89$0.00
Taxes / mo$148.83$148.83$148.83
Insurance / mo$150.00$150.00$150.00
MI / mo$93.89$93.89$69.30
HOA / mo$50.00$50.00$50.00
Total monthly$1,169.78$2,875.66$2,798.35
Cash to close$302,638$38,500$38,500