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$100,239$100,239$355,500
Remaining term (yrs)13.913.930.0
Secondary amount$0$255,261$0
Funding fee$0$0$0
Note rate4.430%4.430%7.400%
Blended rate5.280%7.054%7.640%
1st payment$798.33$798.33$2,461.41
2nd payment$0.00$1,648.56$0.00
Taxes / mo$222.00$222.00$222.00
Insurance / mo$150.00$150.00$150.00
MI / mo$112.53$112.53$71.10
HOA / mo$10.00$10.00$10.00
Total monthly$1,292.85$2,941.42$2,914.51
Cash to close$294,761$39,500$39,500