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$33,060$33,060$288,000
Remaining term (yrs)12.612.630.0
Secondary amount$0$254,940$0
Funding fee$0$0$0
Note rate4.850%4.850%7.320%
Blended rate5.700%7.515%7.560%
1st payment$290.15$290.15$1,978.36
2nd payment$0.00$1,646.49$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$38.95$38.95$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$745.77$2,392.25$2,452.63
Cash to close$286,940$32,000$32,000