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$63,931$63,931$260,100
Remaining term (yrs)10.610.630.0
Secondary amount$0$196,169$0
Funding fee$0$0$0
Note rate4.810%4.810%7.400%
Blended rate5.660%7.425%7.640%
1st payment$635.68$635.68$1,800.88
2nd payment$0.00$1,307.80$0.00
Taxes / mo$77.05$77.05$77.05
Insurance / mo$150.00$150.00$150.00
MI / mo$57.66$57.66$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$920.39$2,228.19$2,079.95
Cash to close$225,069$28,900$28,900