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$93,835$93,835$201,150
Remaining term (yrs)17.417.430.0
Secondary amount$0$107,315$0
Funding fee$0$0$0
Note rate4.430%4.430%7.400%
Blended rate5.280%6.731%7.640%
1st payment$640.96$640.96$1,392.72
2nd payment$0.00$715.43$0.00
Taxes / mo$482.00$482.00$482.00
Insurance / mo$150.00$150.00$150.00
MI / mo$90.35$90.35$40.23
HOA / mo$25.00$25.00$25.00
Total monthly$1,388.31$2,103.74$2,089.95
Cash to close$129,665$22,350$22,350