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$48,143$48,143$342,000
Remaining term (yrs)12.412.430.0
Secondary amount$0$293,857$0
Funding fee$0$0$0
Note rate5.970%5.970%7.320%
Blended rate6.820%7.619%7.560%
1st payment$454.19$454.19$2,349.30
2nd payment$0.00$1,897.83$0.00
Taxes / mo$316.67$316.67$316.67
Insurance / mo$150.00$150.00$150.00
MI / mo$53.83$53.83$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$974.69$2,872.52$2,884.37
Cash to close$331,857$38,000$38,000