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$96,825$96,825$346,500
Remaining term (yrs)13.913.930.0
Secondary amount$0$249,675$0
Funding fee$0$0$0
Note rate4.570%4.570%7.320%
Blended rate5.420%7.099%7.560%
1st payment$781.30$781.30$2,380.21
2nd payment$0.00$1,612.48$0.00
Taxes / mo$133.00$133.00$133.00
Insurance / mo$150.00$150.00$150.00
MI / mo$108.33$108.33$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,172.63$2,785.11$2,732.51
Cash to close$288,175$38,500$38,500