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$104,294$104,294$196,200
Remaining term (yrs)22.722.730.0
Secondary amount$0$91,906$0
Funding fee$0$0$0
Note rate4.060%4.060%7.400%
Blended rate4.910%6.826%7.640%
1st payment$584.54$584.54$1,358.45
2nd payment$0.00$689.29$0.00
Taxes / mo$100.58$100.58$100.58
Insurance / mo$150.00$150.00$150.00
MI / mo$86.10$86.10$39.24
HOA / mo$0.00$0.00$0.00
Total monthly$921.23$1,610.52$1,648.27
Cash to close$113,706$21,800$21,800