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$130,278$130,278$342,000
Remaining term (yrs)20.620.630.0
Secondary amount$0$211,722$0
Funding fee$0$0$0
Note rate4.030%4.030%7.320%
Blended rate4.880%6.657%7.560%
1st payment$772.93$772.93$2,349.30
2nd payment$0.00$1,367.37$0.00
Taxes / mo$398.24$398.24$398.24
Insurance / mo$150.00$150.00$150.00
MI / mo$114.26$114.26$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,435.44$2,802.81$2,965.94
Cash to close$249,722$38,000$38,000