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$100,397$100,397$251,100
Remaining term (yrs)16.816.830.0
Secondary amount$0$150,703$0
Funding fee$0$0$0
Note rate4.290%4.290%7.400%
Blended rate5.140%6.856%7.640%
1st payment$696.39$696.39$1,738.57
2nd payment$0.00$1,004.68$0.00
Taxes / mo$57.33$57.33$57.33
Insurance / mo$150.00$150.00$150.00
MI / mo$99.80$99.80$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,003.52$2,008.21$1,996.12
Cash to close$178,603$27,900$27,900