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$84,761$84,761$292,500
Remaining term (yrs)13.513.530.0
Secondary amount$0$207,739$0
Funding fee$0$0$0
Note rate4.950%4.950%7.320%
Blended rate5.800%7.185%7.560%
1st payment$712.24$712.24$2,009.27
2nd payment$0.00$1,341.65$0.00
Taxes / mo$124.33$124.33$124.33
Insurance / mo$150.00$150.00$150.00
MI / mo$94.52$94.52$58.50
HOA / mo$440.00$440.00$440.00
Total monthly$1,521.09$2,862.74$2,782.11
Cash to close$240,239$32,500$32,500