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$111,017$111,017$224,910
Remaining term (yrs)20.620.630.0
Secondary amount$0$113,893$0
Funding fee$0$0$0
Note rate4.030%4.030%7.320%
Blended rate4.880%6.460%7.560%
1st payment$658.65$658.65$1,544.98
2nd payment$0.00$759.29$0.00
Taxes / mo$236.33$236.33$236.33
Insurance / mo$150.00$150.00$150.00
MI / mo$97.37$97.37$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,142.36$1,901.65$1,976.29
Cash to close$138,883$24,990$24,990