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$106,675$106,675$341,550
Remaining term (yrs)17.117.130.0
Secondary amount$0$234,875$0
Funding fee$0$0$0
Note rate4.130%4.130%7.320%
Blended rate4.980%6.885%7.560%
1st payment$721.37$721.37$2,346.21
2nd payment$0.00$1,516.90$0.00
Taxes / mo$180.50$180.50$180.50
Insurance / mo$150.00$150.00$150.00
MI / mo$105.37$105.37$68.31
HOA / mo$22.50$22.50$22.50
Total monthly$1,179.74$2,696.64$2,767.52
Cash to close$272,825$37,950$37,950