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$45,181$45,181$243,000
Remaining term (yrs)7.57.530.0
Secondary amount$0$197,819$0
Funding fee$0$0$0
Note rate5.880%5.880%7.320%
Blended rate6.730%7.764%7.560%
1st payment$611.26$611.26$1,669.24
2nd payment$0.00$1,318.79$0.00
Taxes / mo$179.17$179.17$179.17
Insurance / mo$150.00$150.00$150.00
MI / mo$73.16$73.16$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,013.59$2,332.38$2,047.01
Cash to close$224,819$27,000$27,000