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$105,505$105,505$359,910
Remaining term (yrs)13.413.430.0
Secondary amount$0$254,405$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%7.193%7.560%
1st payment$893.06$893.06$2,472.33
2nd payment$0.00$1,643.03$0.00
Taxes / mo$423.42$423.42$423.42
Insurance / mo$150.00$150.00$150.00
MI / mo$117.84$117.84$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,584.32$3,227.35$3,117.73
Cash to close$294,395$39,990$39,990