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$90,010$90,010$225,000
Remaining term (yrs)20.220.230.0
Secondary amount$0$134,990$0
Funding fee$0$0$0
Note rate4.030%4.030%7.320%
Blended rate4.880%6.752%7.560%
1st payment$541.04$541.04$1,545.59
2nd payment$0.00$899.93$0.00
Taxes / mo$169.58$169.58$169.58
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$45.00
HOA / mo$145.00$145.00$145.00
Total monthly$1,085.60$1,985.53$2,055.18
Cash to close$159,990$25,000$25,000