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$92,321$92,321$323,910
Remaining term (yrs)18.718.730.0
Secondary amount$0$231,589$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%6.935%7.640%
1st payment$584.08$584.08$2,242.69
2nd payment$0.00$1,495.68$0.00
Taxes / mo$188.25$188.25$188.25
Insurance / mo$150.00$150.00$150.00
MI / mo$86.24$86.24$64.78
HOA / mo$8.75$8.75$8.75
Total monthly$1,017.33$2,513.00$2,654.47
Cash to close$267,579$35,990$35,990