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$137,660$137,660$359,100
Remaining term (yrs)21.921.930.0
Secondary amount$0$221,440$0
Funding fee$0$0$0
Note rate4.510%4.510%7.320%
Blended rate5.360%6.834%7.560%
1st payment$821.31$821.31$2,466.77
2nd payment$0.00$1,430.13$0.00
Taxes / mo$286.92$286.92$286.92
Insurance / mo$150.00$150.00$150.00
MI / mo$114.68$114.68$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,372.90$2,803.04$2,975.50
Cash to close$261,340$39,900$39,900