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$75,585$75,585$211,500
Remaining term (yrs)17.717.730.0
Secondary amount$0$135,915$0
Funding fee$0$0$0
Note rate4.340%4.340%7.400%
Blended rate5.190%6.996%7.640%
1st payment$507.95$507.95$1,464.38
2nd payment$0.00$906.10$0.00
Taxes / mo$182.67$182.67$182.67
Insurance / mo$150.00$150.00$150.00
MI / mo$72.36$72.36$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$912.98$1,819.08$1,839.35
Cash to close$159,415$23,500$23,500