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$107,711$107,711$288,000
Remaining term (yrs)17.517.530.0
Secondary amount$0$180,289$0
Funding fee$0$0$0
Note rate4.320%4.320%7.400%
Blended rate5.170%6.942%7.640%
1st payment$727.25$727.25$1,994.05
2nd payment$0.00$1,201.92$0.00
Taxes / mo$240.33$240.33$240.33
Insurance / mo$150.00$150.00$150.00
MI / mo$103.85$103.85$57.60
HOA / mo$1.75$1.75$1.75
Total monthly$1,223.18$2,425.10$2,443.74
Cash to close$212,289$32,000$32,000