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$108,948$108,948$507,600
Remaining term (yrs)13.213.230.0
Secondary amount$0$398,652$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.342%7.640%
1st payment$934.30$934.30$3,514.52
2nd payment$0.00$2,574.63$0.00
Taxes / mo$255.42$255.42$255.42
Insurance / mo$166.67$166.67$166.67
MI / mo$123.28$123.28$101.52
HOA / mo$0.00$0.00$0.00
Total monthly$1,479.66$4,054.29$4,038.12
Cash to close$455,052$56,400$56,400