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$45,266$45,266$350,100
Remaining term (yrs)4.34.330.0
Secondary amount$0$304,834$0
Funding fee$0$0$0
Note rate6.980%6.980%7.320%
Blended rate7.830%7.760%7.560%
1st payment$979.20$979.20$2,404.94
2nd payment$0.00$1,968.72$0.00
Taxes / mo$200.58$200.58$200.58
Insurance / mo$150.00$150.00$150.00
MI / mo$104.46$104.46$70.02
HOA / mo$300.00$300.00$300.00
Total monthly$1,734.25$3,702.97$3,125.55
Cash to close$343,734$38,900$38,900