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$54,661$54,661$287,100
Remaining term (yrs)10.710.730.0
Secondary amount$0$232,439$0
Funding fee$0$0$0
Note rate4.440%4.440%7.400%
Blended rate5.290%7.282%7.640%
1st payment$530.43$530.43$1,987.82
2nd payment$0.00$1,501.17$0.00
Taxes / mo$125.58$125.58$125.58
Insurance / mo$150.00$150.00$150.00
MI / mo$49.31$49.31$57.42
HOA / mo$33.33$33.33$33.33
Total monthly$888.66$2,389.83$2,354.16
Cash to close$264,339$31,900$31,900