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$141,791$141,791$229,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$87,709$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%7.041%7.640%
1st payment$815.14$815.14$1,589.01
2nd payment$0.00$657.82$0.00
Taxes / mo$142.33$142.33$142.33
Insurance / mo$150.00$150.00$150.00
MI / mo$107.80$107.80$45.90
HOA / mo$150.00$150.00$150.00
Total monthly$1,365.28$2,023.09$2,077.24
Cash to close$113,209$25,500$25,500