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$101,637$101,637$260,550
Remaining term (yrs)13.713.730.0
Secondary amount$0$158,913$0
Funding fee$0$0$0
Note rate4.770%4.770%7.320%
Blended rate5.620%7.072%7.560%
1st payment$837.50$837.50$1,789.80
2nd payment$0.00$1,059.42$0.00
Taxes / mo$207.50$207.50$207.50
Insurance / mo$150.00$150.00$150.00
MI / mo$113.46$113.46$52.11
HOA / mo$225.00$225.00$225.00
Total monthly$1,533.46$2,592.88$2,424.41
Cash to close$187,863$28,950$28,950