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$83,392$83,392$296,910
Remaining term (yrs)17.017.030.0
Secondary amount$0$213,518$0
Funding fee$0$0$0
Note rate4.490%4.490%7.400%
Blended rate5.340%7.073%7.640%
1st payment$581.40$581.40$2,055.74
2nd payment$0.00$1,378.97$0.00
Taxes / mo$158.25$158.25$158.25
Insurance / mo$150.00$150.00$150.00
MI / mo$81.37$81.37$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$971.02$2,349.99$2,423.38
Cash to close$246,508$32,990$32,990