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$81,358$81,358$373,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$292,142$0
Funding fee$0$0$0
Note rate6.100%6.100%7.400%
Blended rate6.650%7.510%7.640%
1st payment$495.47$495.47$2,586.04
2nd payment$0.00$1,886.75$0.00
Taxes / mo$356.92$356.92$356.92
Insurance / mo$150.00$150.00$150.00
MI / mo$37.47$37.47$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,039.86$2,926.61$3,167.66
Cash to close$333,642$41,500$41,500