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$99,622$99,622$289,799
Remaining term (yrs)13.513.530.0
Secondary amount$0$190,177$0
Funding fee$0$0$0
Note rate4.950%4.950%7.400%
Blended rate5.800%7.244%7.640%
1st payment$837.12$837.12$2,006.51
2nd payment$0.00$1,267.85$0.00
Taxes / mo$232.83$232.83$232.83
Insurance / mo$150.00$150.00$150.00
MI / mo$111.09$111.09$57.96
HOA / mo$395.00$395.00$395.00
Total monthly$1,726.04$2,993.89$2,842.30
Cash to close$222,377$32,200$32,200