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$80,061$80,061$269,910
Remaining term (yrs)13.513.530.0
Secondary amount$0$189,849$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.362%7.640%
1st payment$674.80$674.80$1,868.80
2nd payment$0.00$1,265.66$0.00
Taxes / mo$45.92$45.92$45.92
Insurance / mo$150.00$150.00$150.00
MI / mo$89.04$89.04$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$959.75$2,225.41$2,118.70
Cash to close$219,839$29,990$29,990