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$133,561$133,561$508,500
Remaining term (yrs)13.913.930.0
Secondary amount$0$374,939$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.251%7.640%
1st payment$1,107.04$1,107.04$3,520.75
2nd payment$0.00$2,421.48$0.00
Taxes / mo$481.58$481.58$481.58
Insurance / mo$166.67$166.67$166.67
MI / mo$146.07$146.07$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,901.37$4,322.85$4,270.70
Cash to close$431,439$56,500$56,500