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$127,729$127,729$359,910
Remaining term (yrs)21.521.530.0
Secondary amount$0$232,181$0
Funding fee$0$0$0
Note rate4.440%4.440%7.320%
Blended rate5.290%6.877%7.560%
1st payment$765.72$765.72$2,472.33
2nd payment$0.00$1,499.50$0.00
Taxes / mo$218.17$218.17$218.17
Insurance / mo$150.00$150.00$150.00
MI / mo$107.80$107.80$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,241.69$2,741.19$2,912.48
Cash to close$272,171$39,990$39,990