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$84,903$84,903$422,999
Remaining term (yrs)12.212.230.0
Secondary amount$0$338,096$0
Funding fee$0$0$0
Note rate6.090%6.090%7.320%
Blended rate6.940%7.587%7.560%
1st payment$817.22$817.22$2,905.71
2nd payment$0.00$2,183.54$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$166.67$166.67$166.67
MI / mo$95.63$95.63$84.60
HOA / mo$375.00$375.00$375.00
Total monthly$1,846.18$4,029.71$3,923.64
Cash to close$385,096$47,000$47,000