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$146,911$146,911$432,000
Remaining term (yrs)11.911.930.0
Secondary amount$0$285,089$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.350%7.614%7.640%
1st payment$1,471.93$1,471.93$2,991.08
2nd payment$0.00$1,841.20$0.00
Taxes / mo$400.00$400.00$400.00
Insurance / mo$166.67$166.67$166.67
MI / mo$164.95$164.95$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,203.55$4,044.75$3,644.15
Cash to close$333,089$48,000$48,000