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$102,011$102,011$243,000
Remaining term (yrs)21.621.630.0
Secondary amount$0$140,989$0
Funding fee$0$0$0
Note rate4.600%4.600%7.400%
Blended rate5.450%6.930%7.640%
1st payment$619.13$619.13$1,682.48
2nd payment$0.00$939.92$0.00
Taxes / mo$98.92$98.92$98.92
Insurance / mo$150.00$150.00$150.00
MI / mo$85.55$85.55$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$953.59$1,893.52$1,980.00
Cash to close$167,989$27,000$27,000