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$33,598$33,598$265,410
Remaining term (yrs)5.45.430.0
Secondary amount$0$231,812$0
Funding fee$0$0$0
Note rate6.880%6.880%7.320%
Blended rate7.730%7.747%7.560%
1st payment$605.34$605.34$1,823.18
2nd payment$0.00$1,497.12$0.00
Taxes / mo$464.83$464.83$464.83
Insurance / mo$150.00$150.00$150.00
MI / mo$65.24$65.24$53.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,285.41$2,782.53$2,491.10
Cash to close$261,302$29,490$29,490