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$85,737$85,737$445,410
Remaining term (yrs)7.47.430.0
Secondary amount$0$359,673$0
Funding fee$0$0$0
Note rate5.600%5.600%7.400%
Blended rate6.450%7.500%7.640%
1st payment$1,168.84$1,168.84$3,083.93
2nd payment$0.00$2,322.89$0.00
Taxes / mo$349.33$349.33$349.33
Insurance / mo$166.67$166.67$166.67
MI / mo$144.22$144.22$89.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,829.05$4,151.94$3,689.01
Cash to close$409,163$49,490$49,490