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$129,610$129,610$260,550
Remaining term (yrs)18.818.830.0
Secondary amount$0$130,940$0
Funding fee$0$0$0
Note rate4.050%4.050%7.320%
Blended rate4.900%6.458%7.560%
1st payment$815.87$815.87$1,789.80
2nd payment$0.00$872.94$0.00
Taxes / mo$561.80$561.80$561.80
Insurance / mo$150.00$150.00$150.00
MI / mo$120.32$120.32$52.11
HOA / mo$0.00$0.00$0.00
Total monthly$1,647.99$2,520.93$2,553.71
Cash to close$159,890$28,950$28,950