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$113,016$113,016$143,100
Remaining term (yrs)22.622.630.0
Secondary amount$0$30,084$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%5.833%7.640%
1st payment$639.75$639.75$990.80
2nd payment$0.00$225.63$0.00
Taxes / mo$54.00$54.00$54.00
Insurance / mo$150.00$150.00$150.00
MI / mo$93.33$93.33$28.62
HOA / mo$518.00$518.00$518.00
Total monthly$1,455.09$1,680.72$1,741.42
Cash to close$45,984$15,900$15,900