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$123,090$123,090$202,499
Remaining term (yrs)22.522.530.0
Secondary amount$0$79,409$0
Funding fee$0$0$0
Note rate4.280%4.280%7.320%
Blended rate5.130%6.648%7.560%
1st payment$707.74$707.74$1,391.03
2nd payment$0.00$595.57$0.00
Taxes / mo$463.08$463.08$463.08
Insurance / mo$150.00$150.00$150.00
MI / mo$101.54$101.54$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,422.37$2,017.94$2,044.61
Cash to close$101,909$22,500$22,500