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$130,083$130,083$261,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$130,917$0
Funding fee$0$0$0
Note rate4.030%4.030%7.320%
Blended rate4.880%6.445%7.560%
1st payment$752.75$752.75$1,792.89
2nd payment$0.00$872.78$0.00
Taxes / mo$289.83$289.83$289.83
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$52.20
HOA / mo$148.67$148.67$148.67
Total monthly$1,452.53$2,325.31$2,433.59
Cash to close$159,917$29,000$29,000