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$57,494$57,494$315,000
Remaining term (yrs)15.815.830.0
Secondary amount$0$257,506$0
Funding fee$0$0$0
Note rate4.250%4.250%7.400%
Blended rate5.100%7.266%7.640%
1st payment$414.73$414.73$2,181.00
2nd payment$0.00$1,663.06$0.00
Taxes / mo$236.25$236.25$236.25
Insurance / mo$150.00$150.00$150.00
MI / mo$59.72$59.72$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$860.70$2,523.76$2,630.25
Cash to close$292,506$35,000$35,000