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$132,690$132,690$260,910
Remaining term (yrs)20.420.430.0
Secondary amount$0$128,220$0
Funding fee$0$0$0
Note rate4.150%4.150%7.320%
Blended rate5.000%6.474%7.560%
1st payment$801.86$801.86$1,792.27
2nd payment$0.00$854.80$0.00
Taxes / mo$241.58$241.58$241.58
Insurance / mo$150.00$150.00$150.00
MI / mo$116.84$116.84$52.18
HOA / mo$40.00$40.00$40.00
Total monthly$1,350.29$2,205.09$2,276.04
Cash to close$157,210$28,990$28,990