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$84,347$84,347$377,910
Remaining term (yrs)12.412.430.0
Secondary amount$0$293,563$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.326%7.640%
1st payment$753.75$753.75$2,616.57
2nd payment$0.00$1,895.93$0.00
Taxes / mo$80.83$80.83$80.83
Insurance / mo$150.00$150.00$150.00
MI / mo$99.46$99.46$75.58
HOA / mo$20.00$20.00$20.00
Total monthly$1,104.04$2,999.96$2,942.99
Cash to close$335,553$41,990$41,990