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$115,221$115,221$450,000
Remaining term (yrs)11.411.430.0
Secondary amount$0$334,779$0
Funding fee$0$0$0
Note rate6.030%6.030%7.400%
Blended rate6.880%7.527%7.640%
1st payment$1,153.85$1,153.85$3,115.71
2nd payment$0.00$2,162.11$0.00
Taxes / mo$178.83$178.83$178.83
Insurance / mo$166.67$166.67$166.67
MI / mo$135.88$135.88$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,635.23$3,797.35$3,551.21
Cash to close$384,779$50,000$50,000