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$125,038$125,038$319,500
Remaining term (yrs)12.612.630.0
Secondary amount$0$194,462$0
Funding fee$0$0$0
Note rate4.830%4.830%7.320%
Blended rate5.680%7.092%7.560%
1st payment$1,096.14$1,096.14$2,194.74
2nd payment$0.00$1,296.42$0.00
Taxes / mo$119.67$119.67$119.67
Insurance / mo$150.00$150.00$150.00
MI / mo$147.48$147.48$63.90
HOA / mo$205.00$205.00$205.00
Total monthly$1,718.28$3,014.69$2,733.31
Cash to close$229,962$35,500$35,500