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$130,906$130,906$395,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$265,004$0
Funding fee$0$0$0
Note rate5.130%5.130%7.400%
Blended rate5.980%7.165%7.640%
1st payment$759.43$759.43$2,741.20
2nd payment$0.00$1,711.49$0.00
Taxes / mo$402.50$402.50$402.50
Insurance / mo$150.00$150.00$150.00
MI / mo$98.74$98.74$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,410.67$3,122.15$3,372.88
Cash to close$308,994$43,990$43,990