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$109,322$109,322$247,500
Remaining term (yrs)21.621.630.0
Secondary amount$0$138,178$0
Funding fee$0$0$0
Note rate4.400%4.400%7.400%
Blended rate5.250%6.785%7.640%
1st payment$651.48$651.48$1,713.64
2nd payment$0.00$921.19$0.00
Taxes / mo$99.42$99.42$99.42
Insurance / mo$150.00$150.00$150.00
MI / mo$92.15$92.15$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$993.06$1,914.24$2,012.56
Cash to close$165,678$27,500$27,500