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$125,665$125,665$427,500
Remaining term (yrs)14.914.930.0
Secondary amount$0$301,835$0
Funding fee$0$0$0
Note rate4.510%4.510%7.400%
Blended rate5.360%7.047%7.640%
1st payment$961.97$961.97$2,959.92
2nd payment$0.00$1,949.35$0.00
Taxes / mo$381.75$381.75$381.75
Insurance / mo$166.67$166.67$166.67
MI / mo$134.32$134.32$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,644.72$3,594.06$3,593.84
Cash to close$349,335$47,500$47,500