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$116,742$116,742$227,700
Remaining term (yrs)17.917.930.0
Secondary amount$0$110,958$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%6.457%7.640%
1st payment$767.53$767.53$1,576.55
2nd payment$0.00$739.72$0.00
Taxes / mo$150.00$150.00$150.00
Insurance / mo$150.00$150.00$150.00
MI / mo$111.98$111.98$45.54
HOA / mo$475.00$475.00$475.00
Total monthly$1,654.50$2,394.22$2,397.09
Cash to close$136,258$25,300$25,300