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$62,174$62,174$220,500
Remaining term (yrs)13.113.130.0
Secondary amount$0$158,326$0
Funding fee$0$0$0
Note rate4.940%4.940%7.400%
Blended rate5.790%7.377%7.640%
1st payment$533.65$533.65$1,526.70
2nd payment$0.00$1,055.51$0.00
Taxes / mo$184.75$184.75$184.75
Insurance / mo$150.00$150.00$150.00
MI / mo$70.90$70.90$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$939.29$1,994.80$1,905.55
Cash to close$182,826$24,500$24,500