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$120,736$120,736$247,500
Remaining term (yrs)20.320.330.0
Secondary amount$0$126,764$0
Funding fee$0$0$0
Note rate4.130%4.130%7.320%
Blended rate4.980%6.527%7.560%
1st payment$730.22$730.22$1,700.15
2nd payment$0.00$845.09$0.00
Taxes / mo$186.92$186.92$186.92
Insurance / mo$150.00$150.00$150.00
MI / mo$106.66$106.66$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,173.80$2,018.89$2,086.57
Cash to close$154,264$27,500$27,500