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$108,692$108,692$364,500
Remaining term (yrs)13.513.530.0
Secondary amount$0$255,808$0
Funding fee$0$0$0
Note rate5.150%5.150%7.400%
Blended rate6.000%7.228%7.640%
1st payment$924.49$924.49$2,523.72
2nd payment$0.00$1,652.10$0.00
Taxes / mo$242.67$242.67$242.67
Insurance / mo$150.00$150.00$150.00
MI / mo$119.93$119.93$72.90
HOA / mo$66.67$66.67$66.67
Total monthly$1,503.75$3,155.85$3,055.96
Cash to close$296,308$40,500$40,500