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$131,776$131,776$178,310
Remaining term (yrs)22.622.630.0
Secondary amount$0$46,533$0
Funding fee$0$0$0
Note rate4.270%4.270%7.320%
Blended rate5.120%6.133%7.560%
1st payment$755.32$755.32$1,224.86
2nd payment$0.00$349.00$0.00
Taxes / mo$173.17$173.17$173.17
Insurance / mo$150.00$150.00$150.00
MI / mo$108.50$108.50$35.66
HOA / mo$265.00$265.00$265.00
Total monthly$1,451.98$1,800.98$1,848.69
Cash to close$66,346$19,812$19,812