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$144,212$144,212$369,000
Remaining term (yrs)11.211.230.0
Secondary amount$0$224,788$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.350%7.594%7.560%
1st payment$1,501.22$1,501.22$2,534.77
2nd payment$0.00$1,451.76$0.00
Taxes / mo$444.50$444.50$444.50
Insurance / mo$150.00$150.00$150.00
MI / mo$168.24$168.24$73.80
HOA / mo$100.00$100.00$100.00
Total monthly$2,363.96$3,815.72$3,303.07
Cash to close$265,788$41,000$41,000