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$253,455$253,455$315,000
Remaining term (yrs)22.522.530.0
Secondary amount$0$61,545$0
Funding fee$0$0$0
Note rate4.370%4.370%7.320%
Blended rate5.220%5.959%7.560%
1st payment$1,469.86$1,469.86$2,163.83
2nd payment$0.00$461.58$0.00
Taxes / mo$186.42$186.42$186.42
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$63.00
HOA / mo$343.00$343.00$343.00
Total monthly$2,357.92$2,819.51$2,906.25
Cash to close$96,545$35,000$35,000