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$77,945$77,945$373,500
Remaining term (yrs)12.212.230.0
Secondary amount$0$295,555$0
Funding fee$0$0$0
Note rate5.490%5.490%7.320%
Blended rate6.340%7.456%7.560%
1st payment$726.09$726.09$2,565.69
2nd payment$0.00$1,908.79$0.00
Taxes / mo$127.75$127.75$127.75
Insurance / mo$150.00$150.00$150.00
MI / mo$90.68$90.68$74.70
HOA / mo$40.00$40.00$40.00
Total monthly$1,134.52$3,043.31$2,958.14
Cash to close$337,055$41,500$41,500