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$137,365$137,365$472,500
Remaining term (yrs)12.412.430.0
Secondary amount$0$335,135$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.198%7.640%
1st payment$1,233.41$1,233.41$3,271.49
2nd payment$0.00$2,164.41$0.00
Taxes / mo$168.83$168.83$168.83
Insurance / mo$166.67$166.67$166.67
MI / mo$162.75$162.75$94.50
HOA / mo$7.50$7.50$7.50
Total monthly$1,739.15$3,903.57$3,708.99
Cash to close$387,635$52,500$52,500