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$119,234$119,234$472,410
Remaining term (yrs)29.529.530.0
Secondary amount$0$353,176$0
Funding fee$0$0$0
Note rate6.110%6.110%7.320%
Blended rate6.660%7.475%7.560%
1st payment$726.17$726.17$3,245.13
2nd payment$0.00$2,280.93$0.00
Taxes / mo$389.75$389.75$389.75
Insurance / mo$166.67$166.67$166.67
MI / mo$54.86$54.86$94.48
HOA / mo$58.00$58.00$58.00
Total monthly$1,395.45$3,676.38$3,954.03
Cash to close$405,666$52,490$52,490