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$143,031$143,031$220,410
Remaining term (yrs)20.920.930.0
Secondary amount$0$77,379$0
Funding fee$0$0$0
Note rate4.030%4.030%7.320%
Blended rate4.880%6.326%7.560%
1st payment$842.13$842.13$1,514.06
2nd payment$0.00$580.34$0.00
Taxes / mo$442.83$442.83$442.83
Insurance / mo$150.00$150.00$150.00
MI / mo$124.49$124.49$44.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,559.46$2,139.80$2,150.98
Cash to close$101,869$24,490$24,490