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$124,823$124,823$238,500
Remaining term (yrs)20.320.330.0
Secondary amount$0$113,677$0
Funding fee$0$0$0
Note rate4.130%4.130%7.320%
Blended rate4.980%6.419%7.560%
1st payment$754.94$754.94$1,638.33
2nd payment$0.00$757.85$0.00
Taxes / mo$266.17$266.17$266.17
Insurance / mo$150.00$150.00$150.00
MI / mo$110.27$110.27$47.70
HOA / mo$265.00$265.00$265.00
Total monthly$1,546.38$2,304.23$2,367.20
Cash to close$140,177$26,500$26,500