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$124,756$124,756$369,000
Remaining term (yrs)12.012.030.0
Secondary amount$0$244,244$0
Funding fee$0$0$0
Note rate5.500%5.500%7.320%
Blended rate6.350%7.277%7.560%
1st payment$1,173.93$1,173.93$2,534.77
2nd payment$0.00$1,577.41$0.00
Taxes / mo$545.93$545.93$545.93
Insurance / mo$150.00$150.00$150.00
MI / mo$146.45$146.45$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,016.32$3,593.72$3,304.51
Cash to close$285,244$41,000$41,000