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$114,562$114,562$315,000
Remaining term (yrs)13.813.830.0
Secondary amount$0$200,438$0
Funding fee$0$0$0
Note rate4.740%4.740%7.400%
Blended rate5.590%6.964%7.640%
1st payment$938.27$938.27$2,181.00
2nd payment$0.00$1,294.49$0.00
Taxes / mo$191.25$191.25$191.25
Insurance / mo$150.00$150.00$150.00
MI / mo$127.55$127.55$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,407.07$2,701.56$2,585.25
Cash to close$235,438$35,000$35,000