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$108,536$108,536$314,910
Remaining term (yrs)20.620.630.0
Secondary amount$0$206,374$0
Funding fee$0$0$0
Note rate4.050%4.050%7.320%
Blended rate4.900%6.768%7.560%
1st payment$645.09$645.09$2,163.21
2nd payment$0.00$1,332.83$0.00
Taxes / mo$206.00$206.00$206.00
Insurance / mo$150.00$150.00$150.00
MI / mo$95.14$95.14$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,096.23$2,429.06$2,582.20
Cash to close$241,364$34,990$34,990