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$98,404$98,404$224,910
Remaining term (yrs)19.319.330.0
Secondary amount$0$126,506$0
Funding fee$0$0$0
Note rate4.130%4.130%7.320%
Blended rate4.980%6.679%7.560%
1st payment$614.75$614.75$1,544.98
2nd payment$0.00$843.38$0.00
Taxes / mo$243.33$243.33$243.33
Insurance / mo$150.00$150.00$150.00
MI / mo$88.25$88.25$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,096.33$1,939.71$1,983.29
Cash to close$151,496$24,990$24,990