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$116,787$116,787$332,100
Remaining term (yrs)15.015.030.0
Secondary amount$0$215,313$0
Funding fee$0$0$0
Note rate4.120%4.120%7.320%
Blended rate4.970%6.772%7.560%
1st payment$863.98$863.98$2,281.30
2nd payment$0.00$1,390.56$0.00
Taxes / mo$469.17$469.17$469.17
Insurance / mo$150.00$150.00$150.00
MI / mo$126.35$126.35$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,609.50$3,000.06$2,966.88
Cash to close$252,213$36,900$36,900