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$94,959$94,959$238,500
Remaining term (yrs)16.316.330.0
Secondary amount$0$143,541$0
Funding fee$0$0$0
Note rate0.380%0.380%7.320%
Blended rate1.230%5.305%7.560%
1st payment$494.86$494.86$1,638.33
2nd payment$0.00$956.94$0.00
Taxes / mo$471.25$471.25$471.25
Insurance / mo$150.00$150.00$150.00
MI / mo$119.24$119.24$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,235.35$2,192.29$2,307.28
Cash to close$170,041$26,500$26,500