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$81,551$81,551$211,410
Remaining term (yrs)12.612.630.0
Secondary amount$0$129,859$0
Funding fee$0$0$0
Note rate4.880%4.880%7.320%
Blended rate5.730%7.124%7.560%
1st payment$716.96$716.96$1,452.24
2nd payment$0.00$865.73$0.00
Taxes / mo$210.00$210.00$210.00
Insurance / mo$150.00$150.00$150.00
MI / mo$95.91$95.91$42.28
HOA / mo$567.00$567.00$567.00
Total monthly$1,739.87$2,605.60$2,421.52
Cash to close$153,349$23,490$23,490