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$89,732$89,732$243,000
Remaining term (yrs)22.422.430.0
Secondary amount$0$153,268$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%7.007%7.640%
1st payment$527.09$527.09$1,682.48
2nd payment$0.00$1,021.79$0.00
Taxes / mo$121.59$121.59$121.59
Insurance / mo$150.00$150.00$150.00
MI / mo$74.03$74.03$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$872.72$1,894.51$2,002.68
Cash to close$180,268$27,000$27,000