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$146,961$146,961$405,000
Remaining term (yrs)18.118.130.0
Secondary amount$0$258,039$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate5.800%7.042%7.560%
1st payment$1,044.46$1,044.46$2,782.07
2nd payment$0.00$1,666.50$0.00
Taxes / mo$94.75$94.75$94.75
Insurance / mo$150.00$150.00$150.00
MI / mo$71.04$71.04$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,360.25$3,026.75$3,107.82
Cash to close$303,039$45,000$45,000