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$149,344$149,344$378,000
Remaining term (yrs)18.818.830.0
Secondary amount$0$228,656$0
Funding fee$0$0$0
Note rate4.040%4.040%7.320%
Blended rate4.890%6.620%7.560%
1st payment$942.07$942.07$2,596.60
2nd payment$0.00$1,476.74$0.00
Taxes / mo$310.75$310.75$310.75
Insurance / mo$150.00$150.00$150.00
MI / mo$139.10$139.10$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,541.92$3,018.65$3,132.95
Cash to close$270,656$42,000$42,000