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$125,984$125,984$418,500
Remaining term (yrs)20.420.430.0
Secondary amount$0$292,516$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%6.928%7.640%
1st payment$760.72$760.72$2,897.61
2nd payment$0.00$1,889.17$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$110.59$110.59$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,425.47$3,314.64$3,535.48
Cash to close$339,016$46,500$46,500