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$96,091$96,091$220,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$124,409$0
Funding fee$0$0$0
Note rate4.570%4.570%7.400%
Blended rate5.420%6.876%7.640%
1st payment$577.75$577.75$1,526.70
2nd payment$0.00$829.39$0.00
Taxes / mo$228.17$228.17$228.17
Insurance / mo$150.00$150.00$150.00
MI / mo$80.11$80.11$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,036.02$1,865.42$1,948.96
Cash to close$148,909$24,500$24,500