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$98,958$98,958$216,000
Remaining term (yrs)21.821.830.0
Secondary amount$0$117,042$0
Funding fee$0$0$0
Note rate4.530%4.530%7.320%
Blended rate5.380%6.800%7.560%
1st payment$594.12$594.12$1,483.77
2nd payment$0.00$780.28$0.00
Taxes / mo$118.92$118.92$118.92
Insurance / mo$150.00$150.00$150.00
MI / mo$82.76$82.76$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$945.80$1,726.08$1,795.89
Cash to close$141,042$24,000$24,000