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$84,598$84,598$251,100
Remaining term (yrs)14.414.430.0
Secondary amount$0$166,502$0
Funding fee$0$0$0
Note rate5.050%5.050%7.320%
Blended rate5.900%7.292%7.560%
1st payment$684.05$684.05$1,724.88
2nd payment$0.00$1,110.01$0.00
Taxes / mo$164.83$164.83$164.83
Insurance / mo$150.00$150.00$150.00
MI / mo$89.75$89.75$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,088.63$2,198.65$2,089.94
Cash to close$194,402$27,900$27,900