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$73,378$73,378$224,910
Remaining term (yrs)13.413.430.0
Secondary amount$0$151,532$0
Funding fee$0$0$0
Note rate4.990%4.990%7.320%
Blended rate5.840%7.295%7.560%
1st payment$620.74$620.74$1,544.98
2nd payment$0.00$1,010.22$0.00
Taxes / mo$242.17$242.17$242.17
Insurance / mo$150.00$150.00$150.00
MI / mo$82.00$82.00$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,094.91$2,105.12$1,982.12
Cash to close$176,522$24,990$24,990