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$86,636$86,636$349,200
Remaining term (yrs)12.212.230.0
Secondary amount$0$262,564$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%7.155%7.640%
1st payment$763.84$763.84$2,417.79
2nd payment$0.00$1,695.72$0.00
Taxes / mo$125.17$125.17$125.17
Insurance / mo$150.00$150.00$150.00
MI / mo$106.78$106.78$69.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,145.79$2,841.52$2,762.80
Cash to close$301,364$38,800$38,800