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$143,105$143,105$315,000
Remaining term (yrs)22.322.330.0
Secondary amount$0$171,895$0
Funding fee$0$0$0
Note rate4.400%4.400%7.320%
Blended rate5.250%6.751%7.560%
1st payment$835.87$835.87$2,163.83
2nd payment$0.00$1,145.97$0.00
Taxes / mo$329.25$329.25$329.25
Insurance / mo$150.00$150.00$150.00
MI / mo$118.24$118.24$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,433.36$2,579.32$2,706.08
Cash to close$206,895$35,000$35,000