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$85,387$85,387$162,000
Remaining term (yrs)22.422.430.0
Secondary amount$0$76,613$0
Funding fee$0$0$0
Note rate4.410%4.410%7.400%
Blended rate5.260%7.029%7.640%
1st payment$498.13$498.13$1,121.66
2nd payment$0.00$574.60$0.00
Taxes / mo$183.00$183.00$183.00
Insurance / mo$150.00$150.00$150.00
MI / mo$70.38$70.38$32.40
HOA / mo$64.00$64.00$64.00
Total monthly$965.51$1,540.11$1,551.06
Cash to close$94,613$18,000$18,000