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$138,255$138,255$405,000
Remaining term (yrs)14.014.030.0
Secondary amount$0$266,745$0
Funding fee$0$0$0
Note rate4.440%4.440%7.320%
Blended rate5.290%6.910%7.560%
1st payment$1,097.13$1,097.13$2,782.07
2nd payment$0.00$1,722.73$0.00
Taxes / mo$315.58$315.58$315.58
Insurance / mo$150.00$150.00$150.00
MI / mo$154.46$154.46$81.00
HOA / mo$193.00$193.00$193.00
Total monthly$1,910.18$3,632.90$3,521.65
Cash to close$311,745$45,000$45,000