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$104,466$104,466$321,750
Remaining term (yrs)12.612.630.0
Secondary amount$0$217,284$0
Funding fee$0$0$0
Note rate4.780%4.780%7.320%
Blended rate5.630%7.062%7.560%
1st payment$913.17$913.17$2,210.20
2nd payment$0.00$1,403.29$0.00
Taxes / mo$240.92$240.92$240.92
Insurance / mo$150.00$150.00$150.00
MI / mo$123.57$123.57$64.35
HOA / mo$0.00$0.00$0.00
Total monthly$1,427.65$2,830.94$2,665.47
Cash to close$253,034$35,750$35,750