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$90,919$90,919$247,500
Remaining term (yrs)20.520.530.0
Secondary amount$0$156,581$0
Funding fee$0$0$0
Note rate4.300%4.300%7.400%
Blended rate5.150%6.953%7.640%
1st payment$553.93$553.93$1,713.64
2nd payment$0.00$1,043.87$0.00
Taxes / mo$93.67$93.67$93.67
Insurance / mo$150.00$150.00$150.00
MI / mo$79.29$79.29$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$876.89$1,920.76$2,006.81
Cash to close$184,081$27,500$27,500