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$85,960$85,960$270,000
Remaining term (yrs)14.814.830.0
Secondary amount$0$184,040$0
Funding fee$0$0$0
Note rate4.500%4.500%7.320%
Blended rate5.350%7.156%7.560%
1st payment$660.16$660.16$1,854.71
2nd payment$0.00$1,226.94$0.00
Taxes / mo$291.75$291.75$291.75
Insurance / mo$150.00$150.00$150.00
MI / mo$92.29$92.29$54.00
HOA / mo$8.33$8.33$8.33
Total monthly$1,202.53$2,429.46$2,358.79
Cash to close$214,040$30,000$30,000