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$82,812$82,812$283,500
Remaining term (yrs)13.913.930.0
Secondary amount$0$200,688$0
Funding fee$0$0$0
Note rate4.740%4.740%7.400%
Blended rate5.590%7.119%7.640%
1st payment$675.38$675.38$1,962.90
2nd payment$0.00$1,296.11$0.00
Taxes / mo$134.67$134.67$134.67
Insurance / mo$150.00$150.00$150.00
MI / mo$91.81$91.81$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,051.86$2,347.97$2,304.26
Cash to close$232,188$31,500$31,500