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$130,138$130,138$440,910
Remaining term (yrs)20.420.430.0
Secondary amount$0$310,772$0
Funding fee$0$0$0
Note rate4.500%4.500%7.240%
Blended rate5.350%7.042%7.480%
1st payment$808.94$808.94$3,004.79
2nd payment$0.00$2,007.07$0.00
Taxes / mo$328.08$328.08$328.08
Insurance / mo$166.67$166.67$166.67
MI / mo$113.09$113.09$88.18
HOA / mo$6.92$6.92$6.92
Total monthly$1,423.70$3,430.77$3,594.65
Cash to close$359,762$48,990$48,990