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$76,248$76,248$333,000
Remaining term (yrs)17.917.930.0
Secondary amount$0$256,752$0
Funding fee$0$0$0
Note rate4.100%4.100%7.400%
Blended rate4.950%7.109%7.640%
1st payment$498.15$498.15$2,305.62
2nd payment$0.00$1,658.19$0.00
Taxes / mo$193.83$193.83$193.83
Insurance / mo$150.00$150.00$150.00
MI / mo$73.03$73.03$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$915.01$2,573.20$2,716.06
Cash to close$293,752$37,000$37,000