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$127,992$127,992$301,500
Remaining term (yrs)20.220.230.0
Secondary amount$0$173,508$0
Funding fee$0$0$0
Note rate4.130%4.130%7.400%
Blended rate4.980%6.718%7.640%
1st payment$776.13$776.13$2,087.53
2nd payment$0.00$1,156.72$0.00
Taxes / mo$677.25$677.25$677.25
Insurance / mo$150.00$150.00$150.00
MI / mo$113.37$113.37$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,716.75$2,873.47$2,975.08
Cash to close$207,008$33,500$33,500