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$109,827$109,827$418,500
Remaining term (yrs)12.512.530.0
Secondary amount$0$308,673$0
Funding fee$0$0$0
Note rate5.030%5.030%7.400%
Blended rate5.880%7.259%7.640%
1st payment$978.46$978.46$2,897.61
2nd payment$0.00$1,993.52$0.00
Taxes / mo$350.58$350.58$350.58
Insurance / mo$166.67$166.67$166.67
MI / mo$128.67$128.67$83.70
HOA / mo$6.17$6.17$6.17
Total monthly$1,630.55$3,624.07$3,504.73
Cash to close$355,173$46,500$46,500