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$38,828$38,828$323,100
Remaining term (yrs)8.58.530.0
Secondary amount$0$284,272$0
Funding fee$0$0$0
Note rate5.950%5.950%7.400%
Blended rate6.800%7.636%7.640%
1st payment$478.75$478.75$2,237.08
2nd payment$0.00$1,835.92$0.00
Taxes / mo$103.58$103.58$103.58
Insurance / mo$150.00$150.00$150.00
MI / mo$56.87$56.87$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$789.20$2,625.12$2,555.28
Cash to close$320,172$35,900$35,900