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$121,365$121,365$310,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$189,135$0
Funding fee$0$0$0
Note rate4.520%4.520%7.320%
Blended rate5.370%6.972%7.560%
1st payment$724.76$724.76$2,132.92
2nd payment$0.00$1,260.90$0.00
Taxes / mo$53.17$53.17$53.17
Insurance / mo$150.00$150.00$150.00
MI / mo$101.08$101.08$62.10
HOA / mo$8.33$8.33$8.33
Total monthly$1,037.34$2,298.23$2,406.52
Cash to close$223,635$34,500$34,500