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$94,706$94,706$382,410
Remaining term (yrs)12.712.730.0
Secondary amount$0$287,704$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.279%7.640%
1st payment$834.47$834.47$2,647.73
2nd payment$0.00$1,858.09$0.00
Taxes / mo$115.83$115.83$115.83
Insurance / mo$150.00$150.00$150.00
MI / mo$110.11$110.11$76.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,210.41$3,068.50$2,990.04
Cash to close$330,194$42,490$42,490