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$118,042$118,042$467,550
Remaining term (yrs)13.613.630.0
Secondary amount$0$349,508$0
Funding fee$0$0$0
Note rate5.210%5.210%7.400%
Blended rate6.060%7.323%7.640%
1st payment$1,003.48$1,003.48$3,237.22
2nd payment$0.00$2,257.24$0.00
Taxes / mo$410.50$410.50$410.50
Insurance / mo$166.67$166.67$166.67
MI / mo$129.30$129.30$93.51
HOA / mo$103.33$103.33$103.33
Total monthly$1,813.28$4,070.52$4,011.23
Cash to close$401,458$51,950$51,950