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$83,989$83,989$269,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$185,111$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%7.398%7.640%
1st payment$491.74$491.74$1,863.19
2nd payment$0.00$1,234.07$0.00
Taxes / mo$84.75$84.75$84.75
Insurance / mo$150.00$150.00$150.00
MI / mo$63.29$63.29$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$789.78$2,023.85$2,151.76
Cash to close$215,011$29,900$29,900