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$86,083$86,083$297,000
Remaining term (yrs)15.015.030.0
Secondary amount$0$210,917$0
Funding fee$0$0$0
Note rate4.120%4.120%7.400%
Blended rate4.970%6.944%7.640%
1st payment$636.84$636.84$2,056.37
2nd payment$0.00$1,362.17$0.00
Taxes / mo$185.42$185.42$185.42
Insurance / mo$150.00$150.00$150.00
MI / mo$93.13$93.13$59.40
HOA / mo$12.50$12.50$12.50
Total monthly$1,077.88$2,440.06$2,463.68
Cash to close$243,917$33,000$33,000