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$104,978$104,978$288,000
Remaining term (yrs)18.718.730.0
Secondary amount$0$183,022$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%6.866%7.640%
1st payment$664.16$664.16$1,994.05
2nd payment$0.00$1,220.15$0.00
Taxes / mo$183.75$183.75$183.75
Insurance / mo$150.00$150.00$150.00
MI / mo$98.07$98.07$57.60
HOA / mo$40.00$40.00$40.00
Total monthly$1,135.97$2,356.12$2,425.40
Cash to close$215,022$32,000$32,000