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$148,902$148,902$627,300
Remaining term (yrs)12.312.330.0
Secondary amount$0$478,398$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.299%7.640%
1st payment$1,343.47$1,343.47$4,343.30
2nd payment$0.00$3,089.65$0.00
Taxes / mo$580.83$580.83$580.83
Insurance / mo$166.67$166.67$166.67
MI / mo$177.27$177.27$125.46
HOA / mo$0.00$0.00$0.00
Total monthly$2,268.24$5,357.89$5,216.26
Cash to close$548,098$69,700$69,700