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$114,078$114,078$382,500
Remaining term (yrs)13.713.730.0
Secondary amount$0$268,422$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.183%7.640%
1st payment$953.44$953.44$2,648.35
2nd payment$0.00$1,733.56$0.00
Taxes / mo$360.83$360.83$360.83
Insurance / mo$150.00$150.00$150.00
MI / mo$125.81$125.81$76.50
HOA / mo$605.00$605.00$605.00
Total monthly$2,195.08$3,928.63$3,840.69
Cash to close$310,922$42,500$42,500