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$98,880$98,880$382,500
Remaining term (yrs)17.417.430.0
Secondary amount$0$283,620$0
Funding fee$0$0$0
Note rate4.530%4.530%7.400%
Blended rate5.380%7.137%7.640%
1st payment$682.74$682.74$2,648.35
2nd payment$0.00$1,831.71$0.00
Taxes / mo$264.17$264.17$264.17
Insurance / mo$150.00$150.00$150.00
MI / mo$95.11$95.11$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,192.02$3,023.73$3,139.02
Cash to close$326,120$42,500$42,500