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$98,585$98,585$337,500
Remaining term (yrs)12.612.630.0
Secondary amount$0$238,915$0
Funding fee$0$0$0
Note rate4.870%4.870%7.400%
Blended rate5.720%7.157%7.640%
1st payment$866.23$866.23$2,336.78
2nd payment$0.00$1,542.99$0.00
Taxes / mo$560.42$560.42$560.42
Insurance / mo$150.00$150.00$150.00
MI / mo$116.01$116.01$67.50
HOA / mo$38.33$38.33$38.33
Total monthly$1,730.99$3,273.98$3,153.03
Cash to close$276,415$37,500$37,500