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$124,650$124,650$280,800
Remaining term (yrs)21.721.730.0
Secondary amount$0$156,150$0
Funding fee$0$0$0
Note rate4.590%4.590%7.320%
Blended rate5.440%6.864%7.560%
1st payment$754.16$754.16$1,928.90
2nd payment$0.00$1,041.00$0.00
Taxes / mo$318.76$318.76$318.76
Insurance / mo$150.00$150.00$150.00
MI / mo$104.33$104.33$56.16
HOA / mo$0.00$0.00$0.00
Total monthly$1,327.25$2,368.25$2,453.82
Cash to close$187,350$31,200$31,200