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$105,270$105,270$188,910
Remaining term (yrs)22.622.630.0
Secondary amount$0$83,640$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%6.765%7.640%
1st payment$595.90$595.90$1,307.97
2nd payment$0.00$627.30$0.00
Taxes / mo$145.08$145.08$145.08
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$37.78
HOA / mo$0.00$0.00$0.00
Total monthly$977.93$1,605.23$1,640.84
Cash to close$104,630$20,990$20,990