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$111,410$111,410$427,500
Remaining term (yrs)8.18.130.0
Secondary amount$0$316,090$0
Funding fee$0$0$0
Note rate5.500%5.500%7.320%
Blended rate6.350%7.385%7.560%
1st payment$1,402.44$1,402.44$2,936.63
2nd payment$0.00$2,041.42$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$174.96$174.96$85.50
HOA / mo$410.00$410.00$410.00
Total monthly$2,549.90$4,591.31$3,994.63
Cash to close$363,590$47,500$47,500