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$86,594$86,594$279,000
Remaining term (yrs)17.517.530.0
Secondary amount$0$192,406$0
Funding fee$0$0$0
Note rate4.320%4.320%7.400%
Blended rate5.170%7.122%7.640%
1st payment$584.67$584.67$1,931.74
2nd payment$0.00$1,282.70$0.00
Taxes / mo$231.17$231.17$231.17
Insurance / mo$150.00$150.00$150.00
MI / mo$83.49$83.49$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,049.33$2,332.03$2,368.71
Cash to close$223,406$31,000$31,000