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$58,926$58,926$223,200
Remaining term (yrs)14.414.430.0
Secondary amount$0$164,274$0
Funding fee$0$0$0
Note rate4.950%4.950%7.400%
Blended rate5.800%7.419%7.640%
1st payment$473.42$473.42$1,545.39
2nd payment$0.00$1,095.16$0.00
Taxes / mo$157.58$157.58$157.58
Insurance / mo$150.00$150.00$150.00
MI / mo$62.82$62.82$44.64
HOA / mo$450.00$450.00$450.00
Total monthly$1,293.82$2,388.98$2,347.62
Cash to close$189,074$24,800$24,800