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$92,781$92,781$314,100
Remaining term (yrs)8.58.530.0
Secondary amount$0$221,319$0
Funding fee$0$0$0
Note rate5.350%5.350%7.400%
Blended rate6.200%7.292%7.640%
1st payment$1,116.83$1,116.83$2,174.76
2nd payment$0.00$1,429.35$0.00
Taxes / mo$290.83$290.83$290.83
Insurance / mo$150.00$150.00$150.00
MI / mo$141.67$141.67$62.82
HOA / mo$404.00$404.00$404.00
Total monthly$2,103.33$3,532.68$3,082.42
Cash to close$256,219$34,900$34,900