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$43,706$43,706$195,750
Remaining term (yrs)17.917.930.0
Secondary amount$0$152,044$0
Funding fee$0$0$0
Note rate4.130%4.130%7.320%
Blended rate4.980%7.326%7.560%
1st payment$287.12$287.12$1,344.67
2nd payment$0.00$1,013.63$0.00
Taxes / mo$121.33$121.33$121.33
Insurance / mo$150.00$150.00$150.00
MI / mo$41.94$41.94$39.15
HOA / mo$0.00$0.00$0.00
Total monthly$600.39$1,614.02$1,655.15
Cash to close$173,794$21,750$21,750