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$88,140$88,140$224,910
Remaining term (yrs)13.313.330.0
Secondary amount$0$136,770$0
Funding fee$0$0$0
Note rate4.940%4.940%7.400%
Blended rate5.790%7.134%7.640%
1st payment$749.86$749.86$1,557.23
2nd payment$0.00$911.80$0.00
Taxes / mo$571.92$571.92$571.92
Insurance / mo$150.00$150.00$150.00
MI / mo$99.62$99.62$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,571.40$2,483.20$2,324.13
Cash to close$161,760$24,990$24,990