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$136,089$136,089$232,200
Remaining term (yrs)21.921.930.0
Secondary amount$0$96,111$0
Funding fee$0$0$0
Note rate4.600%4.600%7.400%
Blended rate5.450%6.919%7.640%
1st payment$820.50$820.50$1,607.71
2nd payment$0.00$720.83$0.00
Taxes / mo$133.92$133.92$133.92
Insurance / mo$150.00$150.00$150.00
MI / mo$113.37$113.37$46.44
HOA / mo$180.00$180.00$180.00
Total monthly$1,397.78$2,118.61$2,118.06
Cash to close$121,911$25,800$25,800