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$113,231$113,231$243,900
Remaining term (yrs)18.918.930.0
Secondary amount$0$130,669$0
Funding fee$0$0$0
Note rate4.090%4.090%7.400%
Blended rate4.940%6.579%7.640%
1st payment$715.14$715.14$1,688.71
2nd payment$0.00$871.13$0.00
Taxes / mo$228.75$228.75$228.75
Insurance / mo$150.00$150.00$150.00
MI / mo$104.96$104.96$48.78
HOA / mo$85.00$85.00$85.00
Total monthly$1,283.85$2,154.98$2,201.24
Cash to close$157,769$27,100$27,100