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$64,566$64,566$215,550
Remaining term (yrs)21.421.430.0
Secondary amount$0$150,984$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%7.068%7.640%
1st payment$374.88$374.88$1,492.42
2nd payment$0.00$1,006.56$0.00
Taxes / mo$201.83$201.83$201.83
Insurance / mo$150.00$150.00$150.00
MI / mo$55.35$55.35$43.11
HOA / mo$0.00$0.00$0.00
Total monthly$782.06$1,788.62$1,887.37
Cash to close$174,934$23,950$23,950