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$105,879$105,879$476,910
Remaining term (yrs)9.49.430.0
Secondary amount$0$371,031$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate7.120%7.610%7.560%
1st payment$1,235.02$1,235.02$3,276.04
2nd payment$0.00$2,396.24$0.00
Taxes / mo$342.08$342.08$342.08
Insurance / mo$166.67$166.67$166.67
MI / mo$141.78$141.78$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,885.55$4,281.80$3,880.17
Cash to close$424,021$52,990$52,990