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$40,570$40,570$265,500
Remaining term (yrs)12.212.230.0
Secondary amount$0$224,930$0
Funding fee$0$0$0
Note rate7.500%7.500%7.400%
Blended rate8.350%7.842%7.640%
1st payment$420.97$420.97$1,838.27
2nd payment$0.00$1,452.68$0.00
Taxes / mo$120.92$120.92$120.92
Insurance / mo$150.00$150.00$150.00
MI / mo$42.65$42.65$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$734.53$2,187.21$2,162.29
Cash to close$254,430$29,500$29,500