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$58,637$58,637$222,300
Remaining term (yrs)7.37.330.0
Secondary amount$0$163,663$0
Funding fee$0$0$0
Note rate4.000%4.000%7.320%
Blended rate4.850%7.169%7.560%
1st payment$762.48$762.48$1,527.05
2nd payment$0.00$1,091.09$0.00
Taxes / mo$217.83$217.83$217.83
Insurance / mo$150.00$150.00$150.00
MI / mo$113.13$113.13$44.46
HOA / mo$310.00$310.00$310.00
Total monthly$1,553.44$2,644.53$2,249.34
Cash to close$188,363$24,700$24,700