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$131,776$131,776$174,170
Remaining term (yrs)22.622.630.0
Secondary amount$0$42,393$0
Funding fee$0$0$0
Note rate4.270%4.270%7.320%
Blended rate5.120%6.064%7.560%
1st payment$755.32$755.32$1,196.43
2nd payment$0.00$317.95$0.00
Taxes / mo$173.17$173.17$173.17
Insurance / mo$150.00$150.00$150.00
MI / mo$108.50$108.50$34.83
HOA / mo$265.00$265.00$265.00
Total monthly$1,451.98$1,769.93$1,819.43
Cash to close$61,746$19,352$19,352