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$135,457$135,457$373,500
Remaining term (yrs)12.712.730.0
Secondary amount$0$238,043$0
Funding fee$0$0$0
Note rate4.860%4.860%7.400%
Blended rate5.710%7.010%7.640%
1st payment$1,183.94$1,183.94$2,586.04
2nd payment$0.00$1,537.36$0.00
Taxes / mo$317.75$317.75$317.75
Insurance / mo$150.00$150.00$150.00
MI / mo$158.74$158.74$74.70
HOA / mo$193.00$193.00$193.00
Total monthly$2,003.43$3,540.80$3,321.49
Cash to close$279,543$41,500$41,500