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$103,127$103,127$306,000
Remaining term (yrs)14.914.930.0
Secondary amount$0$202,873$0
Funding fee$0$0$0
Note rate4.150%4.150%7.320%
Blended rate5.000%6.823%7.560%
1st payment$767.52$767.52$2,102.01
2nd payment$0.00$1,310.22$0.00
Taxes / mo$284.50$284.50$284.50
Insurance / mo$150.00$150.00$150.00
MI / mo$111.84$111.84$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,313.86$2,624.09$2,597.71
Cash to close$236,873$34,000$34,000