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$137,363$137,363$422,100
Remaining term (yrs)13.513.530.0
Secondary amount$0$284,737$0
Funding fee$0$0$0
Note rate4.970%4.970%7.400%
Blended rate5.820%7.122%7.640%
1st payment$1,155.66$1,155.66$2,922.54
2nd payment$0.00$1,838.93$0.00
Taxes / mo$647.83$647.83$647.83
Insurance / mo$166.67$166.67$166.67
MI / mo$153.01$153.01$84.42
HOA / mo$155.00$155.00$155.00
Total monthly$2,278.17$4,117.10$3,976.46
Cash to close$331,637$46,900$46,900