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$130,284$130,284$229,500
Remaining term (yrs)22.022.030.0
Secondary amount$0$99,216$0
Funding fee$0$0$0
Note rate4.700%4.700%7.320%
Blended rate5.550%7.041%7.560%
1st payment$789.33$789.33$1,576.51
2nd payment$0.00$744.12$0.00
Taxes / mo$266.58$266.58$266.58
Insurance / mo$150.00$150.00$150.00
MI / mo$107.80$107.80$45.90
HOA / mo$25.00$25.00$25.00
Total monthly$1,338.71$2,082.83$2,063.99
Cash to close$124,716$25,500$25,500