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$130,818$130,818$305,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$175,092$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%6.653%7.640%
1st payment$680.08$680.08$2,118.06
2nd payment$0.00$1,167.28$0.00
Taxes / mo$202.25$202.25$202.25
Insurance / mo$150.00$150.00$150.00
MI / mo$100.90$100.90$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,133.23$2,300.51$2,531.49
Cash to close$209,082$33,990$33,990