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$77,451$77,451$332,910
Remaining term (yrs)12.312.330.0
Secondary amount$0$255,459$0
Funding fee$0$0$0
Note rate5.530%5.530%7.400%
Blended rate6.380%7.431%7.640%
1st payment$719.68$719.68$2,305.00
2nd payment$0.00$1,649.84$0.00
Taxes / mo$390.50$390.50$390.50
Insurance / mo$150.00$150.00$150.00
MI / mo$89.49$89.49$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,349.66$2,999.50$2,912.08
Cash to close$292,449$36,990$36,990