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$137,516$137,516$216,194
Remaining term (yrs)20.720.730.0
Secondary amount$0$78,679$0
Funding fee$0$0$0
Note rate4.120%4.120%7.320%
Blended rate4.970%6.437%7.560%
1st payment$820.38$820.38$1,485.11
2nd payment$0.00$590.09$0.00
Taxes / mo$300.67$300.67$300.67
Insurance / mo$150.00$150.00$150.00
MI / mo$119.97$119.97$43.24
HOA / mo$0.00$0.00$0.00
Total monthly$1,391.02$1,981.11$1,979.01
Cash to close$102,700$24,022$24,022