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$103,790$103,790$438,930
Remaining term (yrs)12.512.530.0
Secondary amount$0$335,140$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.301%7.640%
1st payment$923.10$923.10$3,039.06
2nd payment$0.00$2,164.45$0.00
Taxes / mo$317.25$317.25$317.25
Insurance / mo$166.67$166.67$166.67
MI / mo$121.80$121.80$87.79
HOA / mo$13.75$13.75$13.75
Total monthly$1,542.57$3,707.02$3,624.52
Cash to close$383,910$48,770$48,770