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$35,585$35,585$260,910
Remaining term (yrs)6.46.430.0
Secondary amount$0$225,325$0
Funding fee$0$0$0
Note rate5.670%5.670%7.320%
Blended rate6.520%7.582%7.560%
1st payment$540.79$540.79$1,792.27
2nd payment$0.00$1,455.22$0.00
Taxes / mo$125.58$125.58$125.58
Insurance / mo$150.00$150.00$150.00
MI / mo$66.22$66.22$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$882.59$2,337.81$2,120.04
Cash to close$254,315$28,990$28,990