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$103,482$103,482$301,500
Remaining term (yrs)17.917.930.0
Secondary amount$0$198,018$0
Funding fee$0$0$0
Note rate4.100%4.100%7.400%
Blended rate4.950%6.953%7.640%
1st payment$676.08$676.08$2,087.53
2nd payment$0.00$1,320.12$0.00
Taxes / mo$162.75$162.75$162.75
Insurance / mo$150.00$150.00$150.00
MI / mo$99.11$99.11$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,087.94$2,408.06$2,460.58
Cash to close$231,518$33,500$33,500