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$112,024$112,024$360,000
Remaining term (yrs)13.813.830.0
Secondary amount$0$247,976$0
Funding fee$0$0$0
Note rate4.580%4.580%7.320%
Blended rate5.430%7.028%7.560%
1st payment$908.38$908.38$2,472.95
2nd payment$0.00$1,601.51$0.00
Taxes / mo$179.33$179.33$179.33
Insurance / mo$150.00$150.00$150.00
MI / mo$125.81$125.81$72.00
HOA / mo$19.42$19.42$19.42
Total monthly$1,382.93$2,984.45$2,893.70
Cash to close$287,976$40,000$40,000