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$107,391$107,391$359,910
Remaining term (yrs)13.413.430.0
Secondary amount$0$252,519$0
Funding fee$0$0$0
Note rate5.050%5.050%7.320%
Blended rate5.900%7.198%7.560%
1st payment$911.77$911.77$2,472.33
2nd payment$0.00$1,630.85$0.00
Taxes / mo$257.17$257.17$257.17
Insurance / mo$150.00$150.00$150.00
MI / mo$119.63$119.63$71.98
HOA / mo$16.67$16.67$16.67
Total monthly$1,455.24$3,086.09$2,968.15
Cash to close$292,509$39,990$39,990