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$89,095$89,095$242,999
Remaining term (yrs)20.720.730.0
Secondary amount$0$153,904$0
Funding fee$0$0$0
Note rate4.050%4.050%7.320%
Blended rate4.900%6.863%7.560%
1st payment$528.19$528.19$1,669.24
2nd payment$0.00$1,026.02$0.00
Taxes / mo$154.58$154.58$154.58
Insurance / mo$150.00$150.00$150.00
MI / mo$77.90$77.90$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$910.67$1,936.70$2,022.42
Cash to close$180,904$27,000$27,000