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$83,027$83,027$252,000
Remaining term (yrs)17.517.530.0
Secondary amount$0$168,973$0
Funding fee$0$0$0
Note rate4.340%4.340%7.400%
Blended rate5.190%7.074%7.640%
1st payment$561.45$561.45$1,744.80
2nd payment$0.00$1,126.49$0.00
Taxes / mo$149.33$149.33$149.33
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$940.77$2,067.26$2,094.53
Cash to close$196,973$28,000$28,000