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$124,790$124,790$459,000
Remaining term (yrs)11.911.930.0
Secondary amount$0$334,210$0
Funding fee$0$0$0
Note rate6.520%6.520%7.400%
Blended rate7.370%7.647%7.640%
1st payment$1,245.91$1,245.91$3,178.02
2nd payment$0.00$2,158.44$0.00
Taxes / mo$389.17$389.17$389.17
Insurance / mo$166.67$166.67$166.67
MI / mo$139.33$139.33$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,941.08$4,099.52$3,825.66
Cash to close$385,210$51,000$51,000