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$97,738$97,738$332,999
Remaining term (yrs)17.917.930.0
Secondary amount$0$235,261$0
Funding fee$0$0$0
Note rate4.000%4.000%7.320%
Blended rate4.850%6.899%7.560%
1st payment$633.49$633.49$2,287.47
2nd payment$0.00$1,519.39$0.00
Taxes / mo$531.33$531.33$531.33
Insurance / mo$150.00$150.00$150.00
MI / mo$93.99$93.99$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,408.82$2,928.21$3,035.41
Cash to close$272,261$37,000$37,000