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$110,733$110,733$286,200
Remaining term (yrs)17.517.530.0
Secondary amount$0$175,467$0
Funding fee$0$0$0
Note rate4.400%4.400%7.400%
Blended rate5.250%6.936%7.640%
1st payment$752.28$752.28$1,981.59
2nd payment$0.00$1,169.78$0.00
Taxes / mo$235.25$235.25$235.25
Insurance / mo$150.00$150.00$150.00
MI / mo$106.41$106.41$57.24
HOA / mo$319.00$319.00$319.00
Total monthly$1,562.94$2,732.73$2,743.08
Cash to close$207,267$31,800$31,800