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$87,928$87,928$382,500
Remaining term (yrs)12.712.730.0
Secondary amount$0$294,572$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.428%7.640%
1st payment$797.23$797.23$2,648.35
2nd payment$0.00$1,902.44$0.00
Taxes / mo$464.75$464.75$464.75
Insurance / mo$150.00$150.00$150.00
MI / mo$99.46$99.46$76.50
HOA / mo$14.58$14.58$14.58
Total monthly$1,526.01$3,428.46$3,354.18
Cash to close$337,072$42,500$42,500