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$163,211$163,211$315,000
Remaining term (yrs)14.314.330.0
Secondary amount$0$151,789$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%6.886%7.560%
1st payment$1,325.82$1,325.82$2,163.83
2nd payment$0.00$1,011.93$0.00
Taxes / mo$380.25$380.25$380.25
Insurance / mo$150.00$150.00$150.00
MI / mo$174.94$174.94$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,031.01$3,042.94$2,757.08
Cash to close$186,789$35,000$35,000