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$36,951$36,951$292,500
Remaining term (yrs)7.67.630.0
Secondary amount$0$255,549$0
Funding fee$0$0$0
Note rate5.890%5.890%7.320%
Blended rate6.740%7.622%7.560%
1st payment$495.84$495.84$2,009.27
2nd payment$0.00$1,650.42$0.00
Taxes / mo$348.83$348.83$348.83
Insurance / mo$150.00$150.00$150.00
MI / mo$59.28$59.28$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,053.95$2,704.37$2,566.61
Cash to close$288,049$32,500$32,500