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$85,873$85,873$345,600
Remaining term (yrs)18.818.830.0
Secondary amount$0$259,727$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%7.039%7.640%
1st payment$541.69$541.69$2,392.86
2nd payment$0.00$1,677.40$0.00
Taxes / mo$129.92$129.92$129.92
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$69.12
HOA / mo$0.00$0.00$0.00
Total monthly$901.59$2,578.99$2,741.90
Cash to close$298,127$38,400$38,400