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$48,646$48,646$296,550
Remaining term (yrs)12.712.730.0
Secondary amount$0$247,904$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%7.506%7.640%
1st payment$438.81$438.81$2,053.25
2nd payment$0.00$1,601.05$0.00
Taxes / mo$209.75$209.75$209.75
Insurance / mo$150.00$150.00$150.00
MI / mo$55.29$55.29$59.31
HOA / mo$0.00$0.00$0.00
Total monthly$853.85$2,454.90$2,472.31
Cash to close$280,854$32,950$32,950