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$115,096$115,096$472,500
Remaining term (yrs)7.77.730.0
Secondary amount$0$357,404$0
Funding fee$0$0$0
Note rate5.980%5.980%7.320%
Blended rate6.830%7.526%7.560%
1st payment$1,536.51$1,536.51$3,245.75
2nd payment$0.00$2,308.23$0.00
Taxes / mo$357.67$357.67$357.67
Insurance / mo$166.67$166.67$166.67
MI / mo$181.92$181.92$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,242.76$4,550.99$3,864.58
Cash to close$409,904$52,500$52,500