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$47,911$47,911$278,100
Remaining term (yrs)8.78.730.0
Secondary amount$0$230,189$0
Funding fee$0$0$0
Note rate5.700%5.700%7.320%
Blended rate6.550%7.543%7.560%
1st payment$576.34$576.34$1,910.35
2nd payment$0.00$1,486.64$0.00
Taxes / mo$29.17$29.17$29.17
Insurance / mo$150.00$150.00$150.00
MI / mo$70.34$70.34$55.62
HOA / mo$0.00$0.00$0.00
Total monthly$825.84$2,312.48$2,145.14
Cash to close$261,089$30,900$30,900