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$109,151$109,151$369,000
Remaining term (yrs)14.914.930.0
Secondary amount$0$259,849$0
Funding fee$0$0$0
Note rate4.520%4.520%7.320%
Blended rate5.370%7.046%7.560%
1st payment$836.11$836.11$2,534.77
2nd payment$0.00$1,678.19$0.00
Taxes / mo$167.17$167.17$167.17
Insurance / mo$150.00$150.00$150.00
MI / mo$116.61$116.61$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,269.89$2,948.08$2,925.74
Cash to close$300,849$41,000$41,000