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$104,839$104,839$202,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$97,661$0
Funding fee$0$0$0
Note rate4.830%4.830%7.320%
Blended rate5.680%7.281%7.560%
1st payment$637.47$637.47$1,391.03
2nd payment$0.00$732.46$0.00
Taxes / mo$187.50$187.50$187.50
Insurance / mo$150.00$150.00$150.00
MI / mo$85.77$85.77$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,060.74$1,793.20$1,769.03
Cash to close$120,161$22,500$22,500