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$90,226$90,226$332,100
Remaining term (yrs)14.914.930.0
Secondary amount$0$241,874$0
Funding fee$0$0$0
Note rate4.390%4.390%7.320%
Blended rate5.240%7.068%7.560%
1st payment$682.49$682.49$2,281.30
2nd payment$0.00$1,562.10$0.00
Taxes / mo$197.50$197.50$197.50
Insurance / mo$150.00$150.00$150.00
MI / mo$96.65$96.65$66.42
HOA / mo$102.00$102.00$102.00
Total monthly$1,228.64$2,790.74$2,797.22
Cash to close$278,774$36,900$36,900