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$96,678$96,678$189,000
Remaining term (yrs)17.417.430.0
Secondary amount$0$92,322$0
Funding fee$0$0$0
Note rate4.400%4.400%7.320%
Blended rate5.250%7.082%7.560%
1st payment$658.86$658.86$1,298.30
2nd payment$0.00$692.42$0.00
Taxes / mo$151.50$151.50$151.50
Insurance / mo$150.00$150.00$150.00
MI / mo$93.20$93.20$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,053.56$1,745.97$1,637.60
Cash to close$113,322$21,000$21,000