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$107,014$107,014$256,500
Remaining term (yrs)21.521.530.0
Secondary amount$0$149,486$0
Funding fee$0$0$0
Note rate4.400%4.400%7.320%
Blended rate5.250%6.853%7.560%
1st payment$639.20$639.20$1,761.98
2nd payment$0.00$996.57$0.00
Taxes / mo$156.58$156.58$156.58
Insurance / mo$150.00$150.00$150.00
MI / mo$90.42$90.42$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,036.19$2,032.77$2,119.86
Cash to close$177,986$28,500$28,500