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$63,792$63,792$182,700
Remaining term (yrs)17.217.230.0
Secondary amount$0$118,908$0
Funding fee$0$0$0
Note rate4.220%4.220%7.400%
Blended rate5.070%6.977%7.640%
1st payment$432.93$432.93$1,264.98
2nd payment$0.00$792.72$0.00
Taxes / mo$220.83$220.83$220.83
Insurance / mo$150.00$150.00$150.00
MI / mo$62.56$62.56$36.54
HOA / mo$0.00$0.00$0.00
Total monthly$866.32$1,659.04$1,672.35
Cash to close$139,208$20,300$20,300