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$82,058$82,058$242,100
Remaining term (yrs)20.420.430.0
Secondary amount$0$160,042$0
Funding fee$0$0$0
Note rate4.150%4.150%7.320%
Blended rate5.000%6.983%7.560%
1st payment$494.61$494.61$1,663.06
2nd payment$0.00$1,066.95$0.00
Taxes / mo$72.58$72.58$72.58
Insurance / mo$150.00$150.00$150.00
MI / mo$72.07$72.07$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$789.27$1,856.21$1,934.06
Cash to close$186,942$26,900$26,900