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$109,378$109,378$238,500
Remaining term (yrs)22.622.630.0
Secondary amount$0$129,122$0
Funding fee$0$0$0
Note rate4.100%4.100%7.320%
Blended rate4.950%6.601%7.560%
1st payment$616.78$616.78$1,638.33
2nd payment$0.00$860.81$0.00
Taxes / mo$109.75$109.75$109.75
Insurance / mo$150.00$150.00$150.00
MI / mo$90.42$90.42$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$966.94$1,827.76$1,945.78
Cash to close$155,622$26,500$26,500