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$115,856$115,856$247,500
Remaining term (yrs)20.820.830.0
Secondary amount$0$131,644$0
Funding fee$0$0$0
Note rate4.530%4.530%7.320%
Blended rate5.380%6.774%7.560%
1st payment$715.09$715.09$1,700.15
2nd payment$0.00$877.62$0.00
Taxes / mo$164.00$164.00$164.00
Insurance / mo$150.00$150.00$150.00
MI / mo$98.02$98.02$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,127.11$2,004.74$2,063.65
Cash to close$159,144$27,500$27,500