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$50,282$50,282$337,500
Remaining term (yrs)6.56.530.0
Secondary amount$0$287,218$0
Funding fee$0$0$0
Note rate6.750%6.750%7.320%
Blended rate7.600%7.728%7.560%
1st payment$782.25$782.25$2,318.39
2nd payment$0.00$1,854.95$0.00
Taxes / mo$163.25$163.25$163.25
Insurance / mo$150.00$150.00$150.00
MI / mo$85.43$85.43$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,180.93$3,035.88$2,699.14
Cash to close$324,718$37,500$37,500