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$73,928$73,928$314,910
Remaining term (yrs)14.814.830.0
Secondary amount$0$240,982$0
Funding fee$0$0$0
Note rate4.490%4.490%7.400%
Blended rate5.340%7.184%7.640%
1st payment$567.38$567.38$2,180.37
2nd payment$0.00$1,556.34$0.00
Taxes / mo$166.92$166.92$166.92
Insurance / mo$150.00$150.00$150.00
MI / mo$79.41$79.41$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$963.71$2,520.05$2,560.27
Cash to close$275,972$34,990$34,990