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$122,220$122,220$323,999
Remaining term (yrs)20.320.330.0
Secondary amount$0$201,779$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%6.731%7.640%
1st payment$743.76$743.76$2,243.30
2nd payment$0.00$1,303.16$0.00
Taxes / mo$138.17$138.17$138.17
Insurance / mo$150.00$150.00$150.00
MI / mo$107.73$107.73$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,139.66$2,442.82$2,596.27
Cash to close$237,779$36,000$36,000