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$125,555$125,555$409,500
Remaining term (yrs)14.114.130.0
Secondary amount$0$283,945$0
Funding fee$0$0$0
Note rate4.190%4.190%7.400%
Blended rate5.040%6.919%7.640%
1st payment$976.37$976.37$2,835.30
2nd payment$0.00$1,833.81$0.00
Taxes / mo$310.33$310.33$310.33
Insurance / mo$166.67$166.67$166.67
MI / mo$141.59$141.59$81.90
HOA / mo$90.00$90.00$90.00
Total monthly$1,684.96$3,518.77$3,484.20
Cash to close$329,445$45,500$45,500