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$64,316$64,316$193,500
Remaining term (yrs)18.118.130.0
Secondary amount$0$129,184$0
Funding fee$0$0$0
Note rate4.250%4.250%7.400%
Blended rate5.100%7.036%7.640%
1st payment$422.65$422.65$1,339.75
2nd payment$0.00$861.23$0.00
Taxes / mo$59.17$59.17$59.17
Insurance / mo$150.00$150.00$150.00
MI / mo$60.86$60.86$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$692.67$1,553.89$1,587.62
Cash to close$150,684$21,500$21,500