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$155,589$155,589$396,000
Remaining term (yrs)13.713.730.0
Secondary amount$0$240,411$0
Funding fee$0$0$0
Note rate4.750%4.750%7.320%
Blended rate5.600%6.905%7.560%
1st payment$1,280.49$1,280.49$2,720.25
2nd payment$0.00$1,552.65$0.00
Taxes / mo$137.08$137.08$137.08
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,741.46$3,294.11$3,086.53
Cash to close$284,411$44,000$44,000