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$182,845$182,845$315,000
Remaining term (yrs)21.521.530.0
Secondary amount$0$132,155$0
Funding fee$0$0$0
Note rate4.420%4.420%7.320%
Blended rate5.270%6.415%7.560%
1st payment$1,094.13$1,094.13$2,163.83
2nd payment$0.00$881.04$0.00
Taxes / mo$138.25$138.25$138.25
Insurance / mo$150.00$150.00$150.00
MI / mo$154.40$154.40$63.00
HOA / mo$35.00$35.00$35.00
Total monthly$1,571.78$2,452.82$2,550.08
Cash to close$167,155$35,000$35,000