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$81,167$81,167$359,100
Remaining term (yrs)14.814.830.0
Secondary amount$0$277,933$0
Funding fee$0$0$0
Note rate4.550%4.550%7.400%
Blended rate5.400%7.219%7.640%
1st payment$625.43$625.43$2,486.34
2nd payment$0.00$1,794.98$0.00
Taxes / mo$469.50$469.50$469.50
Insurance / mo$150.00$150.00$150.00
MI / mo$86.92$86.92$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,331.85$3,126.83$3,177.66
Cash to close$317,833$39,900$39,900