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$108,035$108,035$450,000
Remaining term (yrs)13.313.330.0
Secondary amount$0$341,965$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.294%7.640%
1st payment$922.42$922.42$3,115.71
2nd payment$0.00$2,208.52$0.00
Taxes / mo$208.67$208.67$208.67
Insurance / mo$166.67$166.67$166.67
MI / mo$121.71$121.71$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,419.47$3,627.99$3,581.04
Cash to close$391,965$50,000$50,000