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$73,889$73,889$306,000
Remaining term (yrs)13.413.430.0
Secondary amount$0$232,111$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%7.291%7.560%
1st payment$628.15$628.15$2,102.01
2nd payment$0.00$1,499.05$0.00
Taxes / mo$380.42$380.42$380.42
Insurance / mo$150.00$150.00$150.00
MI / mo$82.88$82.88$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,241.45$2,740.49$2,693.62
Cash to close$266,111$34,000$34,000