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$108,368$108,368$285,300
Remaining term (yrs)14.914.930.0
Secondary amount$0$176,932$0
Funding fee$0$0$0
Note rate4.390%4.390%7.320%
Blended rate5.240%6.952%7.560%
1st payment$822.93$822.93$1,959.81
2nd payment$0.00$1,179.55$0.00
Taxes / mo$264.17$264.17$264.17
Insurance / mo$150.00$150.00$150.00
MI / mo$116.54$116.54$57.06
HOA / mo$0.00$0.00$0.00
Total monthly$1,353.63$2,533.18$2,431.04
Cash to close$208,632$31,700$31,700