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$135,817$135,817$161,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$25,283$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%5.645%7.640%
1st payment$717.66$717.66$1,115.42
2nd payment$0.00$189.62$0.00
Taxes / mo$151.58$151.58$151.58
Insurance / mo$150.00$150.00$150.00
MI / mo$104.32$104.32$32.22
HOA / mo$6.25$6.25$6.25
Total monthly$1,129.81$1,319.43$1,455.47
Cash to close$43,183$17,900$17,900