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$130,686$130,686$197,550
Remaining term (yrs)21.421.430.0
Secondary amount$0$66,864$0
Funding fee$0$0$0
Note rate4.220%4.220%7.400%
Blended rate5.070%6.400%7.640%
1st payment$769.61$769.61$1,367.80
2nd payment$0.00$501.48$0.00
Taxes / mo$173.92$173.92$173.92
Insurance / mo$150.00$150.00$150.00
MI / mo$111.21$111.21$39.51
HOA / mo$0.00$0.00$0.00
Total monthly$1,204.73$1,706.21$1,731.22
Cash to close$88,814$21,950$21,950