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$115,590$115,590$396,000
Remaining term (yrs)13.113.130.0
Secondary amount$0$280,410$0
Funding fee$0$0$0
Note rate4.820%4.820%7.400%
Blended rate5.670%7.143%7.640%
1st payment$985.07$985.07$2,741.82
2nd payment$0.00$1,810.98$0.00
Taxes / mo$255.00$255.00$255.00
Insurance / mo$150.00$150.00$150.00
MI / mo$132.69$132.69$79.20
HOA / mo$47.00$47.00$47.00
Total monthly$1,569.76$3,380.74$3,273.02
Cash to close$324,410$44,000$44,000