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$136,533$136,533$440,100
Remaining term (yrs)22.322.330.0
Secondary amount$0$303,567$0
Funding fee$0$0$0
Note rate4.810%4.810%7.240%
Blended rate5.660%7.102%7.480%
1st payment$830.36$830.36$2,999.27
2nd payment$0.00$1,960.54$0.00
Taxes / mo$407.50$407.50$407.50
Insurance / mo$166.67$166.67$166.67
MI / mo$111.98$111.98$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,516.50$3,477.04$3,661.46
Cash to close$352,467$48,900$48,900