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$45,285$45,285$215,100
Remaining term (yrs)14.214.230.0
Secondary amount$0$169,815$0
Funding fee$0$0$0
Note rate4.230%4.230%7.400%
Blended rate5.080%7.385%7.640%
1st payment$351.57$351.57$1,489.31
2nd payment$0.00$1,132.10$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$50.74$50.74$43.02
HOA / mo$405.00$405.00$405.00
Total monthly$1,311.48$2,443.57$2,441.50
Cash to close$193,715$23,900$23,900