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$62,983$62,983$253,800
Remaining term (yrs)12.712.730.0
Secondary amount$0$190,817$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.466%7.640%
1st payment$554.96$554.96$1,757.26
2nd payment$0.00$1,272.11$0.00
Taxes / mo$6.42$6.42$6.42
Insurance / mo$150.00$150.00$150.00
MI / mo$73.23$73.23$50.76
HOA / mo$0.00$0.00$0.00
Total monthly$784.60$2,056.71$1,964.44
Cash to close$219,017$28,200$28,200