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$96,750$96,750$279,000
Remaining term (yrs)13.213.230.0
Secondary amount$0$182,250$0
Funding fee$0$0$0
Note rate4.820%4.820%7.320%
Blended rate5.670%7.192%7.560%
1st payment$820.84$820.84$1,916.54
2nd payment$0.00$1,215.00$0.00
Taxes / mo$142.00$142.00$142.00
Insurance / mo$150.00$150.00$150.00
MI / mo$110.56$110.56$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,223.40$2,438.40$2,264.34
Cash to close$213,250$31,000$31,000