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$118,651$118,651$201,510
Remaining term (yrs)22.722.730.0
Secondary amount$0$82,859$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%6.598%7.640%
1st payment$665.65$665.65$1,395.21
2nd payment$0.00$621.45$0.00
Taxes / mo$51.16$51.16$51.16
Insurance / mo$150.00$150.00$150.00
MI / mo$97.93$97.93$40.30
HOA / mo$0.00$0.00$0.00
Total monthly$964.74$1,586.18$1,636.67
Cash to close$105,249$22,390$22,390