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$106,858$106,858$231,300
Remaining term (yrs)22.322.330.0
Secondary amount$0$124,442$0
Funding fee$0$0$0
Note rate4.640%4.640%7.400%
Blended rate5.490%6.840%7.640%
1st payment$639.72$639.72$1,601.47
2nd payment$0.00$829.62$0.00
Taxes / mo$155.83$155.83$155.83
Insurance / mo$150.00$150.00$150.00
MI / mo$87.98$87.98$46.26
HOA / mo$0.00$0.00$0.00
Total monthly$1,033.53$1,863.15$1,953.57
Cash to close$150,142$25,700$25,700