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$110,144$110,144$359,910
Remaining term (yrs)16.816.830.0
Secondary amount$0$249,766$0
Funding fee$0$0$0
Note rate4.620%4.620%7.400%
Blended rate5.470%7.052%7.640%
1st payment$782.94$782.94$2,491.94
2nd payment$0.00$1,613.08$0.00
Taxes / mo$356.83$356.83$356.83
Insurance / mo$150.00$150.00$150.00
MI / mo$107.93$107.93$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,397.70$3,010.78$3,070.76
Cash to close$289,756$39,990$39,990