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$105,866$105,866$337,500
Remaining term (yrs)13.513.530.0
Secondary amount$0$231,634$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%6.840%7.640%
1st payment$839.01$839.01$2,336.78
2nd payment$0.00$1,495.97$0.00
Taxes / mo$321.92$321.92$321.92
Insurance / mo$150.00$150.00$150.00
MI / mo$124.48$124.48$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,435.41$2,931.38$2,876.20
Cash to close$269,134$37,500$37,500