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$87,139$87,139$396,000
Remaining term (yrs)12.412.430.0
Secondary amount$0$308,861$0
Funding fee$0$0$0
Note rate5.970%5.970%7.320%
Blended rate6.820%7.545%7.560%
1st payment$825.77$825.77$2,720.25
2nd payment$0.00$1,994.73$0.00
Taxes / mo$221.83$221.83$221.83
Insurance / mo$150.00$150.00$150.00
MI / mo$97.87$97.87$79.20
HOA / mo$46.67$46.67$46.67
Total monthly$1,342.15$3,336.88$3,217.95
Cash to close$352,861$44,000$44,000