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$122,304$122,304$180,000
Remaining term (yrs)21.821.830.0
Secondary amount$0$57,696$0
Funding fee$0$0$0
Note rate4.550%4.550%7.400%
Blended rate5.400%6.554%7.640%
1st payment$735.63$735.63$1,246.28
2nd payment$0.00$432.72$0.00
Taxes / mo$208.17$208.17$208.17
Insurance / mo$150.00$150.00$150.00
MI / mo$102.24$102.24$36.00
HOA / mo$200.00$200.00$200.00
Total monthly$1,396.03$1,828.75$1,840.45
Cash to close$77,696$20,000$20,000