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$105,688$105,688$283,500
Remaining term (yrs)20.420.430.0
Secondary amount$0$177,812$0
Funding fee$0$0$0
Note rate4.370%4.370%7.320%
Blended rate5.220%6.964%7.560%
1st payment$651.15$651.15$1,947.45
2nd payment$0.00$1,185.41$0.00
Taxes / mo$138.50$138.50$138.50
Insurance / mo$150.00$150.00$150.00
MI / mo$92.43$92.43$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,032.09$2,217.50$2,292.65
Cash to close$209,312$31,500$31,500