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$145,084$145,084$427,410
Remaining term (yrs)16.916.930.0
Secondary amount$0$282,326$0
Funding fee$0$0$0
Note rate4.400%4.400%7.400%
Blended rate5.250%6.901%7.640%
1st payment$1,007.96$1,007.96$2,959.30
2nd payment$0.00$1,823.36$0.00
Taxes / mo$221.83$221.83$221.83
Insurance / mo$166.67$166.67$166.67
MI / mo$142.58$142.58$85.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,539.04$3,362.40$3,433.28
Cash to close$329,816$47,490$47,490