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$115,153$115,153$337,410
Remaining term (yrs)17.617.630.0
Secondary amount$0$222,257$0
Funding fee$0$0$0
Note rate4.340%4.340%7.400%
Blended rate5.190%6.876%7.640%
1st payment$776.26$776.26$2,336.16
2nd payment$0.00$1,435.41$0.00
Taxes / mo$100.92$100.92$100.92
Insurance / mo$150.00$150.00$150.00
MI / mo$110.59$110.59$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,137.77$2,573.18$2,654.56
Cash to close$259,747$37,490$37,490