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$93,634$93,634$294,300
Remaining term (yrs)14.714.730.0
Secondary amount$0$200,666$0
Funding fee$0$0$0
Note rate4.520%4.520%7.320%
Blended rate5.370%6.993%7.560%
1st payment$722.89$722.89$2,021.64
2nd payment$0.00$1,295.97$0.00
Taxes / mo$219.42$219.42$219.42
Insurance / mo$150.00$150.00$150.00
MI / mo$100.82$100.82$58.86
HOA / mo$7.00$7.00$7.00
Total monthly$1,200.13$2,496.10$2,456.91
Cash to close$233,366$32,700$32,700