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$104,819$104,819$215,100
Remaining term (yrs)19.519.530.0
Secondary amount$0$110,281$0
Funding fee$0$0$0
Note rate4.220%4.220%7.400%
Blended rate5.070%6.572%7.640%
1st payment$654.40$654.40$1,489.31
2nd payment$0.00$735.21$0.00
Taxes / mo$67.33$67.33$67.33
Insurance / mo$150.00$150.00$150.00
MI / mo$94.56$94.56$43.02
HOA / mo$30.00$30.00$30.00
Total monthly$996.29$1,731.50$1,779.66
Cash to close$134,181$23,900$23,900