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$112,045$112,045$224,100
Remaining term (yrs)22.722.730.0
Secondary amount$0$112,055$0
Funding fee$0$0$0
Note rate4.060%4.060%7.320%
Blended rate4.910%6.455%7.560%
1st payment$627.99$627.99$1,539.41
2nd payment$0.00$747.03$0.00
Taxes / mo$137.17$137.17$137.17
Insurance / mo$150.00$150.00$150.00
MI / mo$92.50$92.50$44.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,007.66$1,754.69$1,871.40
Cash to close$136,955$24,900$24,900