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$76,450$76,450$224,910
Remaining term (yrs)12.912.930.0
Secondary amount$0$148,460$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%7.354%7.560%
1st payment$677.21$677.21$1,544.98
2nd payment$0.00$989.73$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$150.00$150.00$150.00
MI / mo$86.87$86.87$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,297.41$2,287.14$2,123.29
Cash to close$173,450$24,990$24,990