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$66,413$66,413$270,000
Remaining term (yrs)12.912.930.0
Secondary amount$0$203,587$0
Funding fee$0$0$0
Note rate5.200%5.200%7.400%
Blended rate6.050%7.332%7.640%
1st payment$586.59$586.59$1,869.43
2nd payment$0.00$1,314.84$0.00
Taxes / mo$155.50$155.50$155.50
Insurance / mo$150.00$150.00$150.00
MI / mo$75.67$75.67$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$967.76$2,282.60$2,228.93
Cash to close$233,587$30,000$30,000