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$112,255$112,255$468,000
Remaining term (yrs)8.28.230.0
Secondary amount$0$355,745$0
Funding fee$0$0$0
Note rate6.000%6.000%7.320%
Blended rate6.850%7.534%7.560%
1st payment$1,429.22$1,429.22$3,214.84
2nd payment$0.00$2,297.52$0.00
Taxes / mo$284.08$284.08$284.08
Insurance / mo$166.67$166.67$166.67
MI / mo$168.85$168.85$93.60
HOA / mo$11.67$11.67$11.67
Total monthly$2,060.49$4,358.02$3,770.86
Cash to close$407,745$52,000$52,000