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$101,652$101,652$315,000
Remaining term (yrs)12.912.930.0
Secondary amount$0$213,348$0
Funding fee$0$0$0
Note rate5.370%5.370%7.400%
Blended rate6.220%7.256%7.640%
1st payment$906.71$906.71$2,181.00
2nd payment$0.00$1,377.87$0.00
Taxes / mo$365.17$365.17$365.17
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,536.63$2,914.51$2,759.16
Cash to close$248,348$35,000$35,000