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$85,220$85,220$224,991
Remaining term (yrs)20.420.430.0
Secondary amount$0$139,771$0
Funding fee$0$0$0
Note rate4.120%4.120%7.400%
Blended rate4.970%6.852%7.640%
1st payment$513.63$513.63$1,557.79
2nd payment$0.00$931.81$0.00
Taxes / mo$120.75$120.75$120.75
Insurance / mo$150.00$150.00$150.00
MI / mo$75.11$75.11$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$859.49$1,791.30$1,873.54
Cash to close$164,770$24,999$24,999