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$79,370$79,370$319,500
Remaining term (yrs)12.412.430.0
Secondary amount$0$240,130$0
Funding fee$0$0$0
Note rate5.620%5.620%7.320%
Blended rate6.470%7.432%7.560%
1st payment$734.39$734.39$2,194.74
2nd payment$0.00$1,550.84$0.00
Taxes / mo$295.83$295.83$295.83
Insurance / mo$150.00$150.00$150.00
MI / mo$90.42$90.42$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,270.64$2,821.48$2,704.48
Cash to close$275,630$35,500$35,500