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$61,113$61,113$202,500
Remaining term (yrs)16.816.830.0
Secondary amount$0$141,387$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%7.188%7.640%
1st payment$429.30$429.30$1,402.07
2nd payment$0.00$942.58$0.00
Taxes / mo$41.42$41.42$41.42
Insurance / mo$150.00$150.00$150.00
MI / mo$60.30$60.30$40.50
HOA / mo$464.00$464.00$464.00
Total monthly$1,145.01$2,087.59$2,097.99
Cash to close$163,887$22,500$22,500