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$120,398$120,398$220,499
Remaining term (yrs)22.222.230.0
Secondary amount$0$100,101$0
Funding fee$0$0$0
Note rate4.870%4.870%7.320%
Blended rate5.720%6.755%7.560%
1st payment$737.82$737.82$1,514.68
2nd payment$0.00$667.34$0.00
Taxes / mo$70.17$70.17$70.17
Insurance / mo$150.00$150.00$150.00
MI / mo$98.81$98.81$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,056.80$1,724.14$1,778.94
Cash to close$124,601$24,500$24,500