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$77,468$77,468$423,000
Remaining term (yrs)12.912.930.0
Secondary amount$0$345,532$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%7.448%7.640%
1st payment$683.17$683.17$2,928.77
2nd payment$0.00$2,231.56$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$166.67$166.67$166.67
MI / mo$87.63$87.63$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,329.14$3,560.70$3,571.70
Cash to close$392,532$47,000$47,000