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$90,380$90,380$346,500
Remaining term (yrs)13.913.930.0
Secondary amount$0$256,120$0
Funding fee$0$0$0
Note rate4.360%4.360%7.400%
Blended rate5.210%7.087%7.640%
1st payment$716.63$716.63$2,399.10
2nd payment$0.00$1,654.11$0.00
Taxes / mo$236.25$236.25$236.25
Insurance / mo$150.00$150.00$150.00
MI / mo$101.85$101.85$69.30
HOA / mo$7.67$7.67$7.67
Total monthly$1,212.39$2,866.50$2,862.32
Cash to close$294,620$38,500$38,500