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$105,460$105,460$238,500
Remaining term (yrs)17.417.430.0
Secondary amount$0$133,040$0
Funding fee$0$0$0
Note rate4.280%4.280%7.320%
Blended rate5.130%6.731%7.560%
1st payment$712.10$712.10$1,638.33
2nd payment$0.00$886.93$0.00
Taxes / mo$526.21$526.21$526.21
Insurance / mo$150.00$150.00$150.00
MI / mo$102.17$102.17$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,490.48$2,377.41$2,362.24
Cash to close$159,540$26,500$26,500