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$119,834$119,834$278,550
Remaining term (yrs)16.816.830.0
Secondary amount$0$158,716$0
Funding fee$0$0$0
Note rate4.460%4.460%7.320%
Blended rate5.310%6.843%7.560%
1st payment$841.80$841.80$1,913.45
2nd payment$0.00$1,058.10$0.00
Taxes / mo$379.50$379.50$379.50
Insurance / mo$150.00$150.00$150.00
MI / mo$118.24$118.24$55.71
HOA / mo$0.00$0.00$0.00
Total monthly$1,489.53$2,547.64$2,498.66
Cash to close$189,666$30,950$30,950