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$51,167$51,167$279,000
Remaining term (yrs)14.914.930.0
Secondary amount$0$227,833$0
Funding fee$0$0$0
Note rate4.550%4.550%7.400%
Blended rate5.400%7.319%7.640%
1st payment$391.22$391.22$1,931.74
2nd payment$0.00$1,471.42$0.00
Taxes / mo$258.33$258.33$258.33
Insurance / mo$150.00$150.00$150.00
MI / mo$54.37$54.37$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$853.92$2,325.35$2,395.87
Cash to close$258,833$31,000$31,000