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$124,971$124,971$193,500
Remaining term (yrs)22.022.030.0
Secondary amount$0$68,529$0
Funding fee$0$0$0
Note rate4.900%4.900%7.320%
Blended rate5.750%6.901%7.560%
1st payment$771.14$771.14$1,329.21
2nd payment$0.00$513.97$0.00
Taxes / mo$256.27$256.27$256.27
Insurance / mo$150.00$150.00$150.00
MI / mo$102.92$102.92$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,280.33$1,794.30$1,774.18
Cash to close$90,029$21,500$21,500