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$84,292$84,292$243,000
Remaining term (yrs)17.817.830.0
Secondary amount$0$158,708$0
Funding fee$0$0$0
Note rate4.190%4.190%7.400%
Blended rate5.040%6.973%7.640%
1st payment$558.11$558.11$1,682.48
2nd payment$0.00$1,058.05$0.00
Taxes / mo$95.51$95.51$95.51
Insurance / mo$150.00$150.00$150.00
MI / mo$80.94$80.94$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$884.55$1,942.61$1,976.59
Cash to close$185,708$27,000$27,000