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$42,875$42,875$314,910
Remaining term (yrs)14.314.330.0
Secondary amount$0$272,035$0
Funding fee$0$0$0
Note rate4.830%4.830%7.320%
Blended rate5.680%7.468%7.560%
1st payment$344.53$344.53$2,163.21
2nd payment$0.00$1,756.89$0.00
Taxes / mo$70.50$70.50$70.50
Insurance / mo$150.00$150.00$150.00
MI / mo$46.35$46.35$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$611.38$2,368.28$2,446.70
Cash to close$307,025$34,990$34,990