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$97,366$97,366$296,100
Remaining term (yrs)14.114.130.0
Secondary amount$0$198,734$0
Funding fee$0$0$0
Note rate4.500%4.500%7.320%
Blended rate5.350%7.129%7.560%
1st payment$772.37$772.37$2,034.00
2nd payment$0.00$1,324.89$0.00
Taxes / mo$297.83$297.83$297.83
Insurance / mo$150.00$150.00$150.00
MI / mo$107.97$107.97$59.22
HOA / mo$385.00$385.00$385.00
Total monthly$1,713.17$3,038.06$2,926.05
Cash to close$231,634$32,900$32,900