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$66,097$66,097$224,100
Remaining term (yrs)19.319.330.0
Secondary amount$0$158,003$0
Funding fee$0$0$0
Note rate4.750%4.750%7.320%
Blended rate5.600%7.292%7.560%
1st payment$434.85$434.85$1,539.41
2nd payment$0.00$1,053.35$0.00
Taxes / mo$116.42$116.42$116.42
Insurance / mo$150.00$150.00$150.00
MI / mo$59.05$59.05$44.82
HOA / mo$0.00$0.00$0.00
Total monthly$760.31$1,813.66$1,850.65
Cash to close$182,903$24,900$24,900