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$117,071$117,071$301,500
Remaining term (yrs)11.311.330.0
Secondary amount$0$184,429$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.359%7.640%
1st payment$1,152.61$1,152.61$2,087.53
2nd payment$0.00$1,229.52$0.00
Taxes / mo$104.00$104.00$104.00
Insurance / mo$150.00$150.00$150.00
MI / mo$143.79$143.79$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,550.40$2,779.93$2,401.83
Cash to close$217,929$33,500$33,500