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$65,358$65,358$369,000
Remaining term (yrs)7.17.130.0
Secondary amount$0$303,642$0
Funding fee$0$0$0
Note rate5.950%5.950%7.400%
Blended rate6.800%7.582%7.640%
1st payment$926.72$926.72$2,554.88
2nd payment$0.00$1,961.02$0.00
Taxes / mo$225.17$225.17$225.17
Insurance / mo$150.00$150.00$150.00
MI / mo$110.08$110.08$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,411.97$3,372.99$3,003.85
Cash to close$344,642$41,000$41,000