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$97,429$97,429$212,310
Remaining term (yrs)20.420.430.0
Secondary amount$0$114,881$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%6.628%7.640%
1st payment$587.78$587.78$1,469.99
2nd payment$0.00$765.87$0.00
Taxes / mo$196.58$196.58$196.58
Insurance / mo$150.00$150.00$150.00
MI / mo$85.55$85.55$42.46
HOA / mo$0.00$0.00$0.00
Total monthly$1,019.91$1,785.78$1,859.04
Cash to close$138,471$23,590$23,590