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$134,271$134,271$395,955
Remaining term (yrs)13.613.630.0
Secondary amount$0$261,684$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%7.190%7.560%
1st payment$1,144.22$1,144.22$2,719.94
2nd payment$0.00$1,690.05$0.00
Taxes / mo$770.42$770.42$770.42
Insurance / mo$150.00$150.00$150.00
MI / mo$146.77$146.77$79.19
HOA / mo$0.00$0.00$0.00
Total monthly$2,211.41$3,901.45$3,719.54
Cash to close$305,679$43,995$43,995