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$81,598$81,598$279,000
Remaining term (yrs)16.916.930.0
Secondary amount$0$197,402$0
Funding fee$0$0$0
Note rate4.460%4.460%7.320%
Blended rate5.310%7.213%7.560%
1st payment$569.45$569.45$1,916.54
2nd payment$0.00$1,316.01$0.00
Taxes / mo$98.00$98.00$98.00
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$55.80
HOA / mo$350.00$350.00$350.00
Total monthly$1,247.44$2,563.45$2,570.34
Cash to close$228,402$31,000$31,000