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$96,631$96,631$224,100
Remaining term (yrs)19.419.430.0
Secondary amount$0$127,469$0
Funding fee$0$0$0
Note rate4.620%4.620%7.400%
Blended rate5.470%6.909%7.640%
1st payment$625.62$625.62$1,551.62
2nd payment$0.00$849.80$0.00
Taxes / mo$130.92$130.92$130.92
Insurance / mo$150.00$150.00$150.00
MI / mo$86.24$86.24$44.82
HOA / mo$0.00$0.00$0.00
Total monthly$992.78$1,842.58$1,877.36
Cash to close$152,369$24,900$24,900