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$107,942$107,942$440,910
Remaining term (yrs)17.917.930.0
Secondary amount$0$332,968$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%7.074%7.640%
1st payment$707.46$707.46$3,052.77
2nd payment$0.00$2,150.42$0.00
Taxes / mo$116.25$116.25$116.25
Insurance / mo$166.67$166.67$166.67
MI / mo$103.21$103.21$88.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,093.59$3,244.01$3,423.87
Cash to close$381,958$48,990$48,990