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$86,679$86,679$179,100
Remaining term (yrs)22.522.530.0
Secondary amount$0$92,421$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%6.992%7.640%
1st payment$485.17$485.17$1,240.05
2nd payment$0.00$693.16$0.00
Taxes / mo$116.25$116.25$116.25
Insurance / mo$150.00$150.00$150.00
MI / mo$71.98$71.98$35.82
HOA / mo$0.00$0.00$0.00
Total monthly$823.40$1,516.56$1,542.12
Cash to close$112,321$19,900$19,900