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$127,639$127,639$238,410
Remaining term (yrs)21.721.730.0
Secondary amount$0$110,771$0
Funding fee$0$0$0
Note rate4.940%4.940%7.400%
Blended rate5.790%6.817%7.640%
1st payment$797.14$797.14$1,650.70
2nd payment$0.00$738.47$0.00
Taxes / mo$172.83$172.83$172.83
Insurance / mo$150.00$150.00$150.00
MI / mo$104.33$104.33$47.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,224.30$1,962.77$2,021.22
Cash to close$137,261$26,490$26,490