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$49,892$49,892$324,000
Remaining term (yrs)35.935.930.0
Secondary amount$0$274,108$0
Funding fee$0$0$0
Note rate5.510%5.510%7.320%
Blended rate6.360%7.536%7.560%
1st payment$265.82$265.82$2,225.66
2nd payment$0.00$1,770.28$0.00
Taxes / mo$189.17$189.17$189.17
Insurance / mo$150.00$150.00$150.00
MI / mo$36.46$36.46$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$641.45$2,411.73$2,629.62
Cash to close$310,108$36,000$36,000