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$134,179$134,179$297,000
Remaining term (yrs)21.521.530.0
Secondary amount$0$162,821$0
Funding fee$0$0$0
Note rate4.400%4.400%7.400%
Blended rate5.250%6.758%7.640%
1st payment$801.45$801.45$2,056.37
2nd payment$0.00$1,085.47$0.00
Taxes / mo$153.17$153.17$153.17
Insurance / mo$150.00$150.00$150.00
MI / mo$113.37$113.37$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,217.99$2,303.46$2,418.93
Cash to close$195,821$33,000$33,000