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$102,392$102,392$224,955
Remaining term (yrs)18.018.030.0
Secondary amount$0$122,563$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%6.657%7.640%
1st payment$672.22$672.22$1,557.54
2nd payment$0.00$817.09$0.00
Taxes / mo$170.92$170.92$170.92
Insurance / mo$150.00$150.00$150.00
MI / mo$97.37$97.37$44.99
HOA / mo$0.00$0.00$0.00
Total monthly$1,090.51$1,907.60$1,923.45
Cash to close$147,558$24,995$24,995