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$117,916$117,916$382,500
Remaining term (yrs)22.522.530.0
Secondary amount$0$264,584$0
Funding fee$0$0$0
Note rate4.270%4.270%7.400%
Blended rate5.120%6.939%7.640%
1st payment$677.35$677.35$2,648.35
2nd payment$0.00$1,708.77$0.00
Taxes / mo$373.42$373.42$373.42
Insurance / mo$150.00$150.00$150.00
MI / mo$97.30$97.30$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,298.06$3,006.83$3,248.27
Cash to close$307,084$42,500$42,500