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$91,205$91,205$292,500
Remaining term (yrs)14.214.230.0
Secondary amount$0$201,295$0
Funding fee$0$0$0
Note rate4.170%4.170%7.320%
Blended rate5.020%6.899%7.560%
1st payment$705.32$705.32$2,009.27
2nd payment$0.00$1,300.03$0.00
Taxes / mo$386.17$386.17$386.17
Insurance / mo$150.00$150.00$150.00
MI / mo$102.53$102.53$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,344.02$2,644.05$2,603.94
Cash to close$233,795$32,500$32,500