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$116,838$116,838$484,650
Remaining term (yrs)12.412.430.0
Secondary amount$0$367,812$0
Funding fee$0$0$0
Note rate6.040%6.040%7.400%
Blended rate6.890%7.543%7.640%
1st payment$1,111.49$1,111.49$3,355.62
2nd payment$0.00$2,375.45$0.00
Taxes / mo$448.75$448.75$448.75
Insurance / mo$166.67$166.67$166.67
MI / mo$130.75$130.75$96.93
HOA / mo$0.00$0.00$0.00
Total monthly$1,857.66$4,233.11$4,067.97
Cash to close$421,662$53,850$53,850