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$95,077$95,077$261,000
Remaining term (yrs)20.620.630.0
Secondary amount$0$165,923$0
Funding fee$0$0$0
Note rate4.030%4.030%7.400%
Blended rate4.880%6.863%7.640%
1st payment$564.08$564.08$1,807.11
2nd payment$0.00$1,106.15$0.00
Taxes / mo$342.17$342.17$342.17
Insurance / mo$150.00$150.00$150.00
MI / mo$83.39$83.39$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,139.64$2,245.80$2,351.48
Cash to close$194,923$29,000$29,000