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$116,146$116,146$202,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$86,354$0
Funding fee$0$0$0
Note rate4.300%4.300%7.400%
Blended rate5.150%6.792%7.640%
1st payment$670.55$670.55$1,402.07
2nd payment$0.00$647.65$0.00
Taxes / mo$238.83$238.83$238.83
Insurance / mo$150.00$150.00$150.00
MI / mo$95.98$95.98$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,155.36$1,803.02$1,831.40
Cash to close$108,854$22,500$22,500