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$88,351$88,351$179,910
Remaining term (yrs)22.622.630.0
Secondary amount$0$91,559$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%7.031%7.640%
1st payment$500.13$500.13$1,245.66
2nd payment$0.00$686.69$0.00
Taxes / mo$99.00$99.00$99.00
Insurance / mo$150.00$150.00$150.00
MI / mo$72.96$72.96$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$822.10$1,508.79$1,530.64
Cash to close$111,549$19,990$19,990