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$87,838$87,838$359,910
Remaining term (yrs)14.614.630.0
Secondary amount$0$272,072$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.600%7.225%7.640%
1st payment$691.18$691.18$2,491.94
2nd payment$0.00$1,757.13$0.00
Taxes / mo$346.75$346.75$346.75
Insurance / mo$150.00$150.00$150.00
MI / mo$93.85$93.85$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,281.79$3,038.92$3,060.68
Cash to close$312,062$39,990$39,990