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$103,173$103,173$207,810
Remaining term (yrs)20.520.530.0
Secondary amount$0$104,637$0
Funding fee$0$0$0
Note rate4.140%4.140%7.320%
Blended rate4.990%6.506%7.560%
1st payment$619.74$619.74$1,427.51
2nd payment$0.00$697.58$0.00
Taxes / mo$111.08$111.08$111.08
Insurance / mo$150.00$150.00$150.00
MI / mo$90.42$90.42$41.56
HOA / mo$0.00$0.00$0.00
Total monthly$971.24$1,668.82$1,730.16
Cash to close$127,727$23,090$23,090