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$131,866$131,866$216,000
Remaining term (yrs)20.520.530.0
Secondary amount$0$84,134$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%6.570%7.640%
1st payment$794.21$794.21$1,495.54
2nd payment$0.00$631.00$0.00
Taxes / mo$213.00$213.00$213.00
Insurance / mo$150.00$150.00$150.00
MI / mo$115.45$115.45$43.20
HOA / mo$336.00$336.00$336.00
Total monthly$1,608.67$2,239.67$2,237.74
Cash to close$108,134$24,000$24,000