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$99,083$99,083$211,410
Remaining term (yrs)20.920.930.0
Secondary amount$0$112,327$0
Funding fee$0$0$0
Note rate4.030%4.030%7.400%
Blended rate4.880%6.538%7.640%
1st payment$583.38$583.38$1,463.76
2nd payment$0.00$748.84$0.00
Taxes / mo$181.92$181.92$181.92
Insurance / mo$150.00$150.00$150.00
MI / mo$86.24$86.24$42.28
HOA / mo$200.00$200.00$200.00
Total monthly$1,201.54$1,950.38$2,037.96
Cash to close$135,817$23,490$23,490