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$71,228$71,228$197,100
Remaining term (yrs)21.421.430.0
Secondary amount$0$125,872$0
Funding fee$0$0$0
Note rate4.370%4.370%7.320%
Blended rate5.220%6.995%7.560%
1st payment$426.26$426.26$1,353.94
2nd payment$0.00$839.14$0.00
Taxes / mo$87.83$87.83$87.83
Insurance / mo$150.00$150.00$150.00
MI / mo$60.51$60.51$39.42
HOA / mo$0.00$0.00$0.00
Total monthly$724.60$1,563.74$1,631.19
Cash to close$147,772$21,900$21,900