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$94,629$94,629$215,100
Remaining term (yrs)22.122.130.0
Secondary amount$0$120,471$0
Funding fee$0$0$0
Note rate4.830%4.830%7.400%
Blended rate5.680%6.979%7.640%
1st payment$578.98$578.98$1,489.31
2nd payment$0.00$803.14$0.00
Taxes / mo$199.17$199.17$199.17
Insurance / mo$150.00$150.00$150.00
MI / mo$77.90$77.90$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,006.04$1,809.18$1,881.50
Cash to close$144,371$23,900$23,900