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$112,476$112,476$377,910
Remaining term (yrs)12.712.730.0
Secondary amount$0$265,434$0
Funding fee$0$0$0
Note rate4.880%4.880%7.400%
Blended rate5.730%7.149%7.640%
1st payment$984.21$984.21$2,616.57
2nd payment$0.00$1,714.26$0.00
Taxes / mo$193.64$193.64$193.64
Insurance / mo$150.00$150.00$150.00
MI / mo$131.66$131.66$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,459.51$3,173.77$3,035.79
Cash to close$307,424$41,990$41,990