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$86,510$86,510$288,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$201,490$0
Funding fee$0$0$0
Note rate4.530%4.530%7.400%
Blended rate5.380%7.038%7.640%
1st payment$518.23$518.23$1,994.05
2nd payment$0.00$1,301.29$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$72.19$72.19$57.60
HOA / mo$25.00$25.00$25.00
Total monthly$1,032.09$2,333.38$2,493.32
Cash to close$233,490$32,000$32,000