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$153,796$153,796$449,910
Remaining term (yrs)11.411.430.0
Secondary amount$0$296,114$0
Funding fee$0$0$0
Note rate5.880%5.880%7.320%
Blended rate6.730%7.401%7.560%
1st payment$1,528.30$1,528.30$3,090.57
2nd payment$0.00$1,912.40$0.00
Taxes / mo$174.58$174.58$174.58
Insurance / mo$166.67$166.67$166.67
MI / mo$182.91$182.91$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,052.46$3,964.86$3,521.80
Cash to close$346,104$49,990$49,990