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$105,734$105,734$395,910
Remaining term (yrs)6.26.230.0
Secondary amount$0$290,176$0
Funding fee$0$0$0
Note rate4.270%4.270%7.400%
Blended rate5.120%7.048%7.640%
1st payment$1,590.28$1,590.28$2,741.20
2nd payment$0.00$1,874.05$0.00
Taxes / mo$204.17$204.17$204.17
Insurance / mo$150.00$150.00$150.00
MI / mo$228.44$228.44$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,172.89$4,046.94$3,174.55
Cash to close$334,166$43,990$43,990