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$95,274$95,274$236,250
Remaining term (yrs)13.413.430.0
Secondary amount$0$140,976$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.133%7.640%
1st payment$806.46$806.46$1,635.75
2nd payment$0.00$939.84$0.00
Taxes / mo$282.00$282.00$282.00
Insurance / mo$150.00$150.00$150.00
MI / mo$106.41$106.41$47.25
HOA / mo$0.00$0.00$0.00
Total monthly$1,344.87$2,284.71$2,115.00
Cash to close$167,226$26,250$26,250