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$25,112$25,112$278,100
Remaining term (yrs)22.722.730.0
Secondary amount$0$252,988$0
Funding fee$0$0$0
Note rate5.090%5.090%7.320%
Blended rate5.940%7.587%7.560%
1st payment$155.17$155.17$1,910.35
2nd payment$0.00$1,633.88$0.00
Taxes / mo$406.33$406.33$406.33
Insurance / mo$150.00$150.00$150.00
MI / mo$19.34$19.34$55.62
HOA / mo$50.00$50.00$50.00
Total monthly$780.84$2,414.72$2,572.31
Cash to close$283,888$30,900$30,900