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$120,292$120,292$202,500
Remaining term (yrs)17.917.930.0
Secondary amount$0$82,208$0
Funding fee$0$0$0
Note rate6.140%6.140%7.400%
Blended rate6.690%7.628%7.640%
1st payment$921.51$921.51$1,402.07
2nd payment$0.00$616.56$0.00
Taxes / mo$49.42$49.42$49.42
Insurance / mo$150.00$150.00$150.00
MI / mo$58.29$58.29$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,179.22$1,795.78$1,641.99
Cash to close$104,708$22,500$22,500