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$109,830$109,830$247,500
Remaining term (yrs)18.818.830.0
Secondary amount$0$137,670$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%6.602%7.640%
1st payment$690.52$690.52$1,713.64
2nd payment$0.00$917.80$0.00
Taxes / mo$228.58$228.58$228.58
Insurance / mo$150.00$150.00$150.00
MI / mo$102.45$102.45$49.50
HOA / mo$585.00$585.00$585.00
Total monthly$1,756.55$2,674.35$2,726.72
Cash to close$165,170$27,500$27,500