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$83,878$83,878$382,500
Remaining term (yrs)18.918.930.0
Secondary amount$0$298,622$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%7.123%7.640%
1st payment$527.56$527.56$2,648.35
2nd payment$0.00$1,928.60$0.00
Taxes / mo$78.17$78.17$78.17
Insurance / mo$150.00$150.00$150.00
MI / mo$77.90$77.90$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$833.62$2,762.22$2,953.02
Cash to close$341,122$42,500$42,500