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$108,104$108,104$225,000
Remaining term (yrs)20.320.330.0
Secondary amount$0$116,896$0
Funding fee$0$0$0
Note rate4.300%4.300%7.400%
Blended rate5.150%6.631%7.640%
1st payment$663.65$663.65$1,557.85
2nd payment$0.00$779.31$0.00
Taxes / mo$210.75$210.75$210.75
Insurance / mo$150.00$150.00$150.00
MI / mo$94.99$94.99$45.00
HOA / mo$142.00$142.00$142.00
Total monthly$1,261.39$2,040.70$2,105.60
Cash to close$141,896$25,000$25,000