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$93,907$93,907$337,500
Remaining term (yrs)12.412.430.0
Secondary amount$0$243,593$0
Funding fee$0$0$0
Note rate4.880%4.880%7.400%
Blended rate5.730%7.188%7.640%
1st payment$833.49$833.49$2,336.78
2nd payment$0.00$1,573.21$0.00
Taxes / mo$167.42$167.42$167.42
Insurance / mo$150.00$150.00$150.00
MI / mo$111.50$111.50$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,262.40$2,835.61$2,721.70
Cash to close$281,093$37,500$37,500