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$56,217$56,217$382,500
Remaining term (yrs)5.55.530.0
Secondary amount$0$326,283$0
Funding fee$0$0$0
Note rate7.080%7.080%7.240%
Blended rate7.930%7.776%7.480%
1st payment$1,006.03$1,006.03$2,606.73
2nd payment$0.00$2,107.24$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$106.25$106.25$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,616.44$3,723.69$3,187.40
Cash to close$368,783$42,500$42,500