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$93,275$93,275$215,910
Remaining term (yrs)20.220.230.0
Secondary amount$0$122,635$0
Funding fee$0$0$0
Note rate4.030%4.030%7.400%
Blended rate4.880%6.652%7.640%
1st payment$560.66$560.66$1,494.92
2nd payment$0.00$817.57$0.00
Taxes / mo$116.42$116.42$116.42
Insurance / mo$150.00$150.00$150.00
MI / mo$82.88$82.88$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$909.96$1,727.53$1,804.52
Cash to close$146,625$23,990$23,990