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$48,734$48,734$364,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$315,766$0
Funding fee$0$0$0
Note rate6.250%6.250%7.400%
Blended rate6.800%7.623%7.640%
1st payment$313.25$313.25$2,523.72
2nd payment$0.00$2,039.32$0.00
Taxes / mo$296.75$296.75$296.75
Insurance / mo$150.00$150.00$150.00
MI / mo$23.32$23.32$72.90
HOA / mo$10.83$10.83$10.83
Total monthly$794.14$2,833.46$3,054.20
Cash to close$356,266$40,500$40,500