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$87,838$87,838$373,410
Remaining term (yrs)14.614.630.0
Secondary amount$0$285,572$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.600%7.244%7.640%
1st payment$691.18$691.18$2,585.42
2nd payment$0.00$1,844.32$0.00
Taxes / mo$346.75$346.75$346.75
Insurance / mo$150.00$150.00$150.00
MI / mo$93.85$93.85$74.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,281.79$3,126.11$3,156.85
Cash to close$327,062$41,490$41,490