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$121,513$121,513$288,000
Remaining term (yrs)15.415.430.0
Secondary amount$0$166,487$0
Funding fee$0$0$0
Note rate4.250%4.250%7.400%
Blended rate5.100%6.776%7.640%
1st payment$889.67$889.67$1,994.05
2nd payment$0.00$1,109.91$0.00
Taxes / mo$277.25$277.25$277.25
Insurance / mo$150.00$150.00$150.00
MI / mo$128.10$128.10$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,445.03$2,554.94$2,478.90
Cash to close$198,487$32,000$32,000