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$120,543$120,543$391,500
Remaining term (yrs)13.613.630.0
Secondary amount$0$270,957$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.165%7.640%
1st payment$1,011.70$1,011.70$2,710.67
2nd payment$0.00$1,749.93$0.00
Taxes / mo$283.67$283.67$283.67
Insurance / mo$150.00$150.00$150.00
MI / mo$133.49$133.49$78.30
HOA / mo$1.58$1.58$1.58
Total monthly$1,580.45$3,330.38$3,224.21
Cash to close$314,457$43,500$43,500