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$129,959$129,959$413,100
Remaining term (yrs)15.015.030.0
Secondary amount$0$283,141$0
Funding fee$0$0$0
Note rate4.090%4.090%7.400%
Blended rate4.940%6.866%7.640%
1st payment$959.46$959.46$2,860.22
2nd payment$0.00$1,828.62$0.00
Taxes / mo$420.58$420.58$420.58
Insurance / mo$166.67$166.67$166.67
MI / mo$140.82$140.82$82.62
HOA / mo$68.00$68.00$68.00
Total monthly$1,755.53$3,584.15$3,598.09
Cash to close$329,041$45,900$45,900