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$85,736$85,736$323,910
Remaining term (yrs)8.28.230.0
Secondary amount$0$238,174$0
Funding fee$0$0$0
Note rate5.740%5.740%7.400%
Blended rate6.590%7.443%7.640%
1st payment$1,080.70$1,080.70$2,242.69
2nd payment$0.00$1,538.21$0.00
Taxes / mo$209.42$209.42$209.42
Insurance / mo$150.00$150.00$150.00
MI / mo$131.32$131.32$64.78
HOA / mo$32.67$32.67$32.67
Total monthly$1,604.11$3,142.32$2,699.56
Cash to close$274,164$35,990$35,990