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$294,102$294,102$405,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$110,898$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%5.814%7.640%
1st payment$1,664.83$1,664.83$2,804.14
2nd payment$0.00$739.32$0.00
Taxes / mo$273.58$273.58$273.58
Insurance / mo$150.00$150.00$150.00
MI / mo$242.88$242.88$81.00
HOA / mo$117.33$117.33$117.33
Total monthly$2,448.63$3,187.95$3,426.05
Cash to close$155,898$45,000$45,000