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$81,608$81,608$347,310
Remaining term (yrs)14.014.030.0
Secondary amount$0$265,702$0
Funding fee$0$0$0
Note rate4.350%4.350%7.400%
Blended rate5.200%7.151%7.640%
1st payment$643.90$643.90$2,404.70
2nd payment$0.00$1,715.99$0.00
Taxes / mo$97.33$97.33$97.33
Insurance / mo$150.00$150.00$150.00
MI / mo$91.62$91.62$69.46
HOA / mo$0.00$0.00$0.00
Total monthly$982.85$2,698.85$2,721.50
Cash to close$304,292$38,590$38,590