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$93,217$93,217$423,000
Remaining term (yrs)13.113.130.0
Secondary amount$0$329,783$0
Funding fee$0$0$0
Note rate5.040%5.040%7.320%
Blended rate5.890%7.340%7.560%
1st payment$804.84$804.84$2,905.72
2nd payment$0.00$2,129.85$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$166.67$166.67$166.67
MI / mo$105.72$105.72$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,468.89$3,598.74$3,548.65
Cash to close$376,783$47,000$47,000