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$103,921$103,921$286,200
Remaining term (yrs)21.821.830.0
Secondary amount$0$182,279$0
Funding fee$0$0$0
Note rate4.520%4.520%7.400%
Blended rate5.370%7.045%7.640%
1st payment$623.34$623.34$1,981.59
2nd payment$0.00$1,215.19$0.00
Taxes / mo$148.58$148.58$148.58
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$57.24
HOA / mo$35.00$35.00$35.00
Total monthly$1,043.86$2,259.05$2,372.41
Cash to close$214,079$31,800$31,800