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$102,444$102,444$148,500
Remaining term (yrs)20.320.330.0
Secondary amount$0$46,056$0
Funding fee$0$0$0
Note rate4.160%4.160%7.320%
Blended rate5.010%6.247%7.560%
1st payment$621.23$621.23$1,020.09
2nd payment$0.00$345.42$0.00
Taxes / mo$96.00$96.00$96.00
Insurance / mo$150.00$150.00$150.00
MI / mo$90.42$90.42$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$957.64$1,303.06$1,295.79
Cash to close$62,556$16,500$16,500