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$119,862$119,862$369,000
Remaining term (yrs)14.614.630.0
Secondary amount$0$249,138$0
Funding fee$0$0$0
Note rate4.710%4.710%7.320%
Blended rate5.560%7.039%7.560%
1st payment$940.71$940.71$2,534.77
2nd payment$0.00$1,609.02$0.00
Taxes / mo$203.75$203.75$203.75
Insurance / mo$150.00$150.00$150.00
MI / mo$128.33$128.33$73.80
HOA / mo$106.67$106.67$106.67
Total monthly$1,529.46$3,138.48$3,068.99
Cash to close$290,138$41,000$41,000