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$102,983$102,983$265,410
Remaining term (yrs)19.119.130.0
Secondary amount$0$162,427$0
Funding fee$0$0$0
Note rate4.010%4.010%7.400%
Blended rate4.860%6.782%7.640%
1st payment$640.51$640.51$1,837.65
2nd payment$0.00$1,082.85$0.00
Taxes / mo$359.50$359.50$359.50
Insurance / mo$150.00$150.00$150.00
MI / mo$94.92$94.92$53.08
HOA / mo$22.50$22.50$22.50
Total monthly$1,267.43$2,350.27$2,422.73
Cash to close$191,917$29,490$29,490