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$81,931$81,931$225,000
Remaining term (yrs)17.817.830.0
Secondary amount$0$143,069$0
Funding fee$0$0$0
Note rate4.190%4.190%7.320%
Blended rate5.040%6.922%7.560%
1st payment$542.48$542.48$1,545.59
2nd payment$0.00$953.79$0.00
Taxes / mo$263.33$263.33$263.33
Insurance / mo$150.00$150.00$150.00
MI / mo$78.67$78.67$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,034.48$1,988.28$2,003.93
Cash to close$168,069$25,000$25,000