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$107,652$107,652$629,100
Remaining term (yrs)12.412.430.0
Secondary amount$0$521,448$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.425%7.640%
1st payment$966.62$966.62$4,355.76
2nd payment$0.00$3,367.68$0.00
Taxes / mo$146.67$146.67$146.67
Insurance / mo$166.67$166.67$166.67
MI / mo$127.54$127.54$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,407.50$4,775.18$4,794.91
Cash to close$591,348$69,900$69,900