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$50,105$50,105$200,700
Remaining term (yrs)13.613.630.0
Secondary amount$0$150,595$0
Funding fee$0$0$0
Note rate4.880%4.880%7.400%
Blended rate5.730%7.433%7.640%
1st payment$417.45$417.45$1,389.61
2nd payment$0.00$1,003.97$0.00
Taxes / mo$109.25$109.25$109.25
Insurance / mo$150.00$150.00$150.00
MI / mo$55.84$55.84$40.14
HOA / mo$0.00$0.00$0.00
Total monthly$732.54$1,736.51$1,689.00
Cash to close$172,895$22,300$22,300