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$50,811$50,811$284,400
Remaining term (yrs)8.78.730.0
Secondary amount$0$233,589$0
Funding fee$0$0$0
Note rate5.560%5.560%7.320%
Blended rate6.410%7.511%7.560%
1st payment$607.74$607.74$1,953.63
2nd payment$0.00$1,508.60$0.00
Taxes / mo$164.50$164.50$164.50
Insurance / mo$150.00$150.00$150.00
MI / mo$75.32$75.32$56.88
HOA / mo$0.00$0.00$0.00
Total monthly$997.56$2,506.16$2,325.01
Cash to close$265,189$31,600$31,600