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$101,325$101,325$346,500
Remaining term (yrs)12.212.230.0
Secondary amount$0$245,175$0
Funding fee$0$0$0
Note rate5.940%5.940%7.320%
Blended rate6.790%7.469%7.560%
1st payment$967.37$967.37$2,380.21
2nd payment$0.00$1,583.42$0.00
Taxes / mo$278.83$278.83$278.83
Insurance / mo$150.00$150.00$150.00
MI / mo$115.03$115.03$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,511.23$3,094.66$2,878.35
Cash to close$283,675$38,500$38,500