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$120,205$120,205$193,455
Remaining term (yrs)24.124.130.0
Secondary amount$0$73,250$0
Funding fee$0$0$0
Note rate0.340%0.340%7.320%
Blended rate1.190%4.147%7.560%
1st payment$430.40$430.40$1,328.90
2nd payment$0.00$549.38$0.00
Taxes / mo$168.83$168.83$168.83
Insurance / mo$150.00$150.00$150.00
MI / mo$104.33$104.33$38.69
HOA / mo$0.00$0.00$0.00
Total monthly$853.56$1,402.93$1,686.43
Cash to close$94,745$21,495$21,495