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$107,309$107,309$251,100
Remaining term (yrs)22.422.430.0
Secondary amount$0$143,791$0
Funding fee$0$0$0
Note rate4.300%4.300%7.400%
Blended rate5.150%6.782%7.640%
1st payment$619.53$619.53$1,738.57
2nd payment$0.00$958.61$0.00
Taxes / mo$63.37$63.37$63.37
Insurance / mo$150.00$150.00$150.00
MI / mo$88.68$88.68$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$921.58$1,880.19$2,002.16
Cash to close$171,691$27,900$27,900