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$119,650$119,650$494,910
Remaining term (yrs)7.57.530.0
Secondary amount$0$375,260$0
Funding fee$0$0$0
Note rate5.870%5.870%7.400%
Blended rate6.720%7.501%7.640%
1st payment$1,618.19$1,618.19$3,426.66
2nd payment$0.00$2,423.55$0.00
Taxes / mo$458.25$458.25$458.25
Insurance / mo$166.67$166.67$166.67
MI / mo$193.87$193.87$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,436.98$4,860.53$4,150.56
Cash to close$430,250$54,990$54,990