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$87,642$87,642$224,910
Remaining term (yrs)21.821.830.0
Secondary amount$0$137,268$0
Funding fee$0$0$0
Note rate4.570%4.570%7.320%
Blended rate5.420%6.995%7.560%
1st payment$528.11$528.11$1,544.98
2nd payment$0.00$915.12$0.00
Taxes / mo$61.58$61.58$61.58
Insurance / mo$150.00$150.00$150.00
MI / mo$73.23$73.23$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$812.92$1,728.04$1,801.54
Cash to close$162,258$24,990$24,990