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$105,306$105,306$346,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$241,194$0
Funding fee$0$0$0
Note rate4.020%4.020%7.400%
Blended rate4.870%6.875%7.640%
1st payment$622.61$622.61$2,399.10
2nd payment$0.00$1,557.71$0.00
Taxes / mo$144.67$144.67$144.67
Insurance / mo$150.00$150.00$150.00
MI / mo$92.15$92.15$69.30
HOA / mo$116.00$116.00$116.00
Total monthly$1,125.43$2,683.15$2,879.06
Cash to close$279,694$38,500$38,500