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$82,645$82,645$279,000
Remaining term (yrs)18.018.030.0
Secondary amount$0$196,355$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%7.126%7.640%
1st payment$542.58$542.58$1,931.74
2nd payment$0.00$1,309.04$0.00
Taxes / mo$100.08$100.08$100.08
Insurance / mo$150.00$150.00$150.00
MI / mo$78.59$78.59$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$871.25$2,180.29$2,237.62
Cash to close$227,355$31,000$31,000