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$150,366$150,366$535,500
Remaining term (yrs)12.412.430.0
Secondary amount$0$385,134$0
Funding fee$0$0$0
Note rate5.080%5.080%7.400%
Blended rate5.930%7.239%7.640%
1st payment$1,356.23$1,356.23$3,707.69
2nd payment$0.00$2,487.32$0.00
Taxes / mo$903.25$903.25$903.25
Insurance / mo$166.67$166.67$166.67
MI / mo$177.33$177.33$107.10
HOA / mo$16.25$16.25$16.25
Total monthly$2,619.73$5,107.05$4,900.96
Cash to close$444,634$59,500$59,500