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$120,175$120,175$369,000
Remaining term (yrs)18.918.930.0
Secondary amount$0$248,825$0
Funding fee$0$0$0
Note rate4.040%4.040%7.320%
Blended rate4.890%6.819%7.560%
1st payment$753.66$753.66$2,534.77
2nd payment$0.00$1,607.00$0.00
Taxes / mo$96.75$96.75$96.75
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,111.69$2,718.68$2,855.32
Cash to close$289,825$41,000$41,000