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$118,014$118,014$390,600
Remaining term (yrs)14.414.430.0
Secondary amount$0$272,586$0
Funding fee$0$0$0
Note rate5.050%5.050%7.320%
Blended rate5.900%7.191%7.560%
1st payment$954.25$954.25$2,683.15
2nd payment$0.00$1,760.45$0.00
Taxes / mo$330.75$330.75$330.75
Insurance / mo$150.00$150.00$150.00
MI / mo$125.20$125.20$78.12
HOA / mo$6.67$6.67$6.67
Total monthly$1,566.87$3,327.32$3,248.69
Cash to close$315,986$43,400$43,400