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$142,414$142,414$315,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$172,586$0
Funding fee$0$0$0
Note rate5.110%5.110%7.320%
Blended rate5.960%7.078%7.560%
1st payment$829.62$829.62$2,163.83
2nd payment$0.00$1,150.57$0.00
Taxes / mo$420.25$420.25$420.25
Insurance / mo$150.00$150.00$150.00
MI / mo$108.11$108.11$63.00
HOA / mo$45.00$45.00$45.00
Total monthly$1,552.97$2,703.55$2,842.08
Cash to close$207,586$35,000$35,000