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$136,815$136,815$440,100
Remaining term (yrs)22.422.430.0
Secondary amount$0$303,285$0
Funding fee$0$0$0
Note rate4.810%4.810%7.400%
Blended rate5.660%7.100%7.640%
1st payment$830.36$830.36$3,047.16
2nd payment$0.00$1,958.72$0.00
Taxes / mo$407.50$407.50$407.50
Insurance / mo$166.67$166.67$166.67
MI / mo$111.98$111.98$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,516.50$3,475.22$3,709.35
Cash to close$352,185$48,900$48,900