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$103,652$103,652$224,550
Remaining term (yrs)18.218.230.0
Secondary amount$0$120,898$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%6.546%7.640%
1st payment$665.58$665.58$1,554.74
2nd payment$0.00$805.98$0.00
Taxes / mo$594.58$594.58$594.58
Insurance / mo$150.00$150.00$150.00
MI / mo$98.75$98.75$44.91
HOA / mo$0.00$0.00$0.00
Total monthly$1,508.91$2,314.90$2,344.23
Cash to close$145,848$24,950$24,950