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$132,144$132,144$450,000
Remaining term (yrs)17.217.230.0
Secondary amount$0$317,856$0
Funding fee$0$0$0
Note rate4.260%4.260%7.400%
Blended rate5.110%6.975%7.640%
1st payment$899.55$899.55$3,115.71
2nd payment$0.00$2,052.82$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$129.37$129.37$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,612.25$3,665.07$3,789.04
Cash to close$367,856$50,000$50,000