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$118,216$118,216$197,910
Remaining term (yrs)22.222.230.0
Secondary amount$0$79,694$0
Funding fee$0$0$0
Note rate4.810%4.810%7.320%
Blended rate5.660%7.005%7.560%
1st payment$720.46$720.46$1,359.50
2nd payment$0.00$597.71$0.00
Taxes / mo$181.33$181.33$181.33
Insurance / mo$150.00$150.00$150.00
MI / mo$97.15$97.15$39.58
HOA / mo$400.00$400.00$400.00
Total monthly$1,548.94$2,146.65$2,130.42
Cash to close$101,684$21,990$21,990