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$101,627$101,627$342,000
Remaining term (yrs)13.113.130.0
Secondary amount$0$240,373$0
Funding fee$0$0$0
Note rate5.030%5.030%7.400%
Blended rate5.880%7.194%7.640%
1st payment$876.93$876.93$2,367.94
2nd payment$0.00$1,552.41$0.00
Taxes / mo$339.58$339.58$339.58
Insurance / mo$150.00$150.00$150.00
MI / mo$115.32$115.32$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,481.83$3,034.24$2,925.92
Cash to close$278,373$38,000$38,000