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$54,481$54,481$359,100
Remaining term (yrs)13.813.830.0
Secondary amount$0$304,619$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%7.462%7.560%
1st payment$453.44$453.44$2,466.77
2nd payment$0.00$1,967.33$0.00
Taxes / mo$64.17$64.17$64.17
Insurance / mo$150.00$150.00$150.00
MI / mo$59.83$59.83$71.82
HOA / mo$59.00$59.00$59.00
Total monthly$786.44$2,753.77$2,811.75
Cash to close$344,519$39,900$39,900