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$146,643$146,643$378,000
Remaining term (yrs)12.312.330.0
Secondary amount$0$231,357$0
Funding fee$0$0$0
Note rate5.070%5.070%7.400%
Blended rate5.920%7.040%7.640%
1st payment$1,328.26$1,328.26$2,617.20
2nd payment$0.00$1,494.18$0.00
Taxes / mo$237.58$237.58$237.58
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$75.60
HOA / mo$29.17$29.17$29.17
Total monthly$1,918.89$3,413.07$3,109.55
Cash to close$273,357$42,000$42,000