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$93,042$93,042$256,500
Remaining term (yrs)13.913.930.0
Secondary amount$0$163,458$0
Funding fee$0$0$0
Note rate4.440%4.440%7.400%
Blended rate5.290%7.017%7.640%
1st payment$744.66$744.66$1,775.95
2nd payment$0.00$1,089.72$0.00
Taxes / mo$164.92$164.92$164.92
Insurance / mo$150.00$150.00$150.00
MI / mo$104.84$104.84$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,164.41$2,254.13$2,142.17
Cash to close$191,958$28,500$28,500