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$101,134$101,134$151,110
Remaining term (yrs)22.422.430.0
Secondary amount$0$49,976$0
Funding fee$0$0$0
Note rate4.450%4.450%7.320%
Blended rate5.300%6.524%7.560%
1st payment$593.51$593.51$1,038.02
2nd payment$0.00$374.82$0.00
Taxes / mo$282.67$282.67$282.67
Insurance / mo$150.00$150.00$150.00
MI / mo$83.46$83.46$30.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,109.64$1,484.46$1,500.91
Cash to close$66,766$16,790$16,790