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$112,778$112,778$449,100
Remaining term (yrs)11.911.930.0
Secondary amount$0$336,322$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.320%7.642%7.640%
1st payment$1,123.02$1,123.02$3,109.48
2nd payment$0.00$2,172.08$0.00
Taxes / mo$485.17$485.17$485.17
Insurance / mo$166.67$166.67$166.67
MI / mo$126.25$126.25$89.82
HOA / mo$1.67$1.67$1.67
Total monthly$1,902.77$4,074.85$3,852.80
Cash to close$386,222$49,900$49,900