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$116,427$116,427$219,600
Remaining term (yrs)22.522.530.0
Secondary amount$0$103,173$0
Funding fee$0$0$0
Note rate4.310%4.310%7.320%
Blended rate5.160%6.494%7.560%
1st payment$671.35$671.35$1,508.50
2nd payment$0.00$687.82$0.00
Taxes / mo$83.92$83.92$83.92
Insurance / mo$150.00$150.00$150.00
MI / mo$95.98$95.98$43.92
HOA / mo$0.00$0.00$0.00
Total monthly$1,001.24$1,689.06$1,786.34
Cash to close$127,573$24,400$24,400