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$107,983$107,983$346,500
Remaining term (yrs)14.714.730.0
Secondary amount$0$238,517$0
Funding fee$0$0$0
Note rate4.630%4.630%7.400%
Blended rate5.480%7.043%7.640%
1st payment$839.74$839.74$2,399.10
2nd payment$0.00$1,540.43$0.00
Taxes / mo$230.92$230.92$230.92
Insurance / mo$150.00$150.00$150.00
MI / mo$115.62$115.62$69.30
HOA / mo$120.00$120.00$120.00
Total monthly$1,456.29$2,996.71$2,969.31
Cash to close$277,017$38,500$38,500