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$36,433$36,433$265,500
Remaining term (yrs)6.46.430.0
Secondary amount$0$229,067$0
Funding fee$0$0$0
Note rate5.790%5.790%7.320%
Blended rate6.640%7.598%7.560%
1st payment$555.74$555.74$1,823.80
2nd payment$0.00$1,479.39$0.00
Taxes / mo$166.83$166.83$166.83
Insurance / mo$150.00$150.00$150.00
MI / mo$67.16$67.16$53.10
HOA / mo$410.00$410.00$410.00
Total monthly$1,349.73$2,829.13$2,603.73
Cash to close$258,567$29,500$29,500