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$85,427$85,427$350,999
Remaining term (yrs)14.914.930.0
Secondary amount$0$265,572$0
Funding fee$0$0$0
Note rate4.550%4.550%7.320%
Blended rate5.400%7.178%7.560%
1st payment$655.69$655.69$2,411.12
2nd payment$0.00$1,715.16$0.00
Taxes / mo$194.67$194.67$194.67
Insurance / mo$150.00$150.00$150.00
MI / mo$91.13$91.13$70.20
HOA / mo$315.00$315.00$315.00
Total monthly$1,406.49$3,121.64$3,140.99
Cash to close$304,572$39,000$39,000