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$126,095$126,095$413,910
Remaining term (yrs)12.612.630.0
Secondary amount$0$287,815$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%7.019%7.640%
1st payment$1,084.56$1,084.56$2,865.83
2nd payment$0.00$1,858.81$0.00
Taxes / mo$229.83$229.83$229.83
Insurance / mo$166.67$166.67$166.67
MI / mo$151.62$151.62$82.78
HOA / mo$50.00$50.00$50.00
Total monthly$1,682.68$3,541.49$3,395.11
Cash to close$333,805$45,990$45,990