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$111,486$111,486$204,300
Remaining term (yrs)21.821.830.0
Secondary amount$0$92,814$0
Funding fee$0$0$0
Note rate4.570%4.570%7.400%
Blended rate5.420%7.046%7.640%
1st payment$671.79$671.79$1,414.53
2nd payment$0.00$696.10$0.00
Taxes / mo$128.27$128.27$128.27
Insurance / mo$150.00$150.00$150.00
MI / mo$93.15$93.15$40.86
HOA / mo$0.00$0.00$0.00
Total monthly$1,043.21$1,739.31$1,733.66
Cash to close$115,514$22,700$22,700