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$72,632$72,632$378,000
Remaining term (yrs)13.413.430.0
Secondary amount$0$305,368$0
Funding fee$0$0$0
Note rate5.090%5.090%7.400%
Blended rate5.940%7.402%7.640%
1st payment$620.80$620.80$2,617.20
2nd payment$0.00$1,972.17$0.00
Taxes / mo$190.75$190.75$190.75
Insurance / mo$150.00$150.00$150.00
MI / mo$81.08$81.08$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,042.63$3,014.80$3,033.55
Cash to close$347,368$42,000$42,000