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$101,228$101,228$269,100
Remaining term (yrs)21.421.430.0
Secondary amount$0$167,872$0
Funding fee$0$0$0
Note rate4.040%4.040%7.320%
Blended rate4.890%6.830%7.560%
1st payment$587.74$587.74$1,848.53
2nd payment$0.00$1,119.14$0.00
Taxes / mo$96.83$96.83$96.83
Insurance / mo$150.00$150.00$150.00
MI / mo$86.78$86.78$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$921.36$2,040.50$2,149.18
Cash to close$197,772$29,900$29,900