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$133,890$133,890$382,500
Remaining term (yrs)13.613.630.0
Secondary amount$0$248,610$0
Funding fee$0$0$0
Note rate4.750%4.750%7.320%
Blended rate5.600%6.997%7.560%
1st payment$1,106.64$1,106.64$2,627.51
2nd payment$0.00$1,605.60$0.00
Taxes / mo$432.25$432.25$432.25
Insurance / mo$150.00$150.00$150.00
MI / mo$150.27$150.27$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,839.16$3,444.76$3,286.26
Cash to close$291,110$42,500$42,500