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$130,905$130,905$279,000
Remaining term (yrs)22.022.030.0
Secondary amount$0$148,095$0
Funding fee$0$0$0
Note rate4.630%4.630%7.400%
Blended rate5.480%6.818%7.640%
1st payment$787.99$787.99$1,931.74
2nd payment$0.00$987.30$0.00
Taxes / mo$278.75$278.75$278.75
Insurance / mo$150.00$150.00$150.00
MI / mo$108.50$108.50$55.80
HOA / mo$97.00$97.00$97.00
Total monthly$1,422.23$2,409.54$2,513.29
Cash to close$179,095$31,000$31,000