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$79,968$79,968$287,910
Remaining term (yrs)12.712.730.0
Secondary amount$0$207,942$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%7.222%7.560%
1st payment$704.62$704.62$1,977.74
2nd payment$0.00$1,342.96$0.00
Taxes / mo$281.58$281.58$281.58
Insurance / mo$150.00$150.00$150.00
MI / mo$92.97$92.97$57.58
HOA / mo$305.00$305.00$305.00
Total monthly$1,534.17$2,877.13$2,771.91
Cash to close$239,932$31,990$31,990