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$70,863$70,863$359,100
Remaining term (yrs)5.75.730.0
Secondary amount$0$288,237$0
Funding fee$0$0$0
Note rate7.250%7.250%7.320%
Blended rate8.100%7.819%7.560%
1st payment$1,244.44$1,244.44$2,466.77
2nd payment$0.00$1,861.53$0.00
Taxes / mo$229.50$229.50$229.50
Insurance / mo$150.00$150.00$150.00
MI / mo$129.22$129.22$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,753.16$3,614.69$2,918.09
Cash to close$328,137$39,900$39,900