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$146,009$146,009$584,999
Remaining term (yrs)12.412.430.0
Secondary amount$0$438,990$0
Funding fee$0$0$0
Note rate5.040%5.040%7.400%
Blended rate5.890%7.286%7.640%
1st payment$1,307.73$1,307.73$4,050.42
2nd payment$0.00$2,835.14$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$171.77$171.77$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,187.83$5,022.97$4,875.75
Cash to close$503,990$65,000$65,000