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$130,690$130,690$205,200
Remaining term (yrs)21.821.830.0
Secondary amount$0$74,510$0
Funding fee$0$0$0
Note rate4.570%4.570%7.400%
Blended rate5.420%6.720%7.640%
1st payment$787.51$787.51$1,420.76
2nd payment$0.00$558.82$0.00
Taxes / mo$250.92$250.92$250.92
Insurance / mo$150.00$150.00$150.00
MI / mo$109.19$109.19$41.04
HOA / mo$300.00$300.00$300.00
Total monthly$1,597.62$2,156.45$2,162.72
Cash to close$97,310$22,800$22,800