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$47,235$47,235$337,500
Remaining term (yrs)12.012.030.0
Secondary amount$0$290,265$0
Funding fee$0$0$0
Note rate6.040%6.040%7.400%
Blended rate6.890%7.630%7.640%
1st payment$457.61$457.61$2,336.78
2nd payment$0.00$1,874.63$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$53.83$53.83$67.50
HOA / mo$375.00$375.00$375.00
Total monthly$1,348.95$3,223.57$3,241.78
Cash to close$327,765$37,500$37,500