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$75,238$75,238$306,000
Remaining term (yrs)8.88.830.0
Secondary amount$0$230,762$0
Funding fee$0$0$0
Note rate5.560%5.560%7.320%
Blended rate6.410%7.421%7.560%
1st payment$893.40$893.40$2,102.01
2nd payment$0.00$1,490.33$0.00
Taxes / mo$97.67$97.67$97.67
Insurance / mo$150.00$150.00$150.00
MI / mo$110.72$110.72$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,251.79$2,742.13$2,410.87
Cash to close$264,762$34,000$34,000