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$122,304$122,304$288,000
Remaining term (yrs)20.420.430.0
Secondary amount$0$165,696$0
Funding fee$0$0$0
Note rate4.160%4.160%7.320%
Blended rate5.010%6.730%7.560%
1st payment$737.85$737.85$1,978.36
2nd payment$0.00$1,104.64$0.00
Taxes / mo$61.42$61.42$61.42
Insurance / mo$150.00$150.00$150.00
MI / mo$107.39$107.39$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,056.65$2,161.29$2,247.38
Cash to close$197,696$32,000$32,000