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$124,300$124,300$508,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$384,200$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.542%7.640%
1st payment$791.40$791.40$3,520.75
2nd payment$0.00$2,481.29$0.00
Taxes / mo$556.12$556.12$556.12
Insurance / mo$166.67$166.67$166.67
MI / mo$58.29$58.29$101.70
HOA / mo$76.67$76.67$76.67
Total monthly$1,649.16$4,130.45$4,421.91
Cash to close$440,700$56,500$56,500