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$59,296$59,296$292,500
Remaining term (yrs)13.413.430.0
Secondary amount$0$233,204$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.466%7.640%
1st payment$519.37$519.37$2,025.21
2nd payment$0.00$1,506.11$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$150.00$150.00$150.00
MI / mo$64.79$64.79$58.50
HOA / mo$3.75$3.75$3.75
Total monthly$1,008.75$2,514.86$2,508.29
Cash to close$265,704$32,500$32,500