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$145,506$145,506$440,910
Remaining term (yrs)12.112.130.0
Secondary amount$0$295,404$0
Funding fee$0$0$0
Note rate6.380%6.380%7.320%
Blended rate7.230%7.578%7.560%
1st payment$1,429.02$1,429.02$3,028.75
2nd payment$0.00$1,907.82$0.00
Taxes / mo$656.42$656.42$656.42
Insurance / mo$166.67$166.67$166.67
MI / mo$162.16$162.16$88.18
HOA / mo$1,437.00$1,437.00$1,437.00
Total monthly$3,851.26$5,759.08$5,377.01
Cash to close$344,394$48,990$48,990