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$130,762$130,762$315,000
Remaining term (yrs)12.912.930.0
Secondary amount$0$184,238$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%6.900%7.640%
1st payment$1,108.69$1,108.69$2,181.00
2nd payment$0.00$1,228.25$0.00
Taxes / mo$475.17$475.17$475.17
Insurance / mo$150.00$150.00$150.00
MI / mo$154.99$154.99$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,888.85$3,117.11$2,869.16
Cash to close$219,238$35,000$35,000