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$99,901$99,901$137,250
Remaining term (yrs)20.420.430.0
Secondary amount$0$37,349$0
Funding fee$0$0$0
Note rate4.200%4.200%7.320%
Blended rate5.050%6.125%7.560%
1st payment$606.38$606.38$942.81
2nd payment$0.00$280.12$0.00
Taxes / mo$401.00$401.00$401.00
Insurance / mo$150.00$150.00$150.00
MI / mo$87.83$87.83$27.45
HOA / mo$0.00$0.00$0.00
Total monthly$1,245.21$1,525.33$1,521.26
Cash to close$52,599$15,250$15,250