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$97,540$97,540$333,000
Remaining term (yrs)18.918.930.0
Secondary amount$0$235,460$0
Funding fee$0$0$0
Note rate4.090%4.090%7.400%
Blended rate4.940%6.927%7.640%
1st payment$616.04$616.04$2,305.62
2nd payment$0.00$1,520.68$0.00
Taxes / mo$126.42$126.42$126.42
Insurance / mo$150.00$150.00$150.00
MI / mo$90.42$90.42$66.60
HOA / mo$8.33$8.33$8.33
Total monthly$991.20$2,511.88$2,656.97
Cash to close$272,460$37,000$37,000