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$103,738$103,738$215,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$112,172$0
Funding fee$0$0$0
Note rate4.030%4.030%7.400%
Blended rate4.880%6.501%7.640%
1st payment$609.25$609.25$1,494.92
2nd payment$0.00$747.81$0.00
Taxes / mo$70.58$70.58$70.58
Insurance / mo$150.00$150.00$150.00
MI / mo$90.07$90.07$43.18
HOA / mo$19.67$19.67$19.67
Total monthly$939.57$1,687.38$1,778.35
Cash to close$136,162$23,990$23,990