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$129,765$129,765$346,500
Remaining term (yrs)20.220.230.0
Secondary amount$0$216,735$0
Funding fee$0$0$0
Note rate4.030%4.030%7.400%
Blended rate4.880%6.675%7.640%
1st payment$780.00$780.00$2,399.10
2nd payment$0.00$1,399.75$0.00
Taxes / mo$162.58$162.58$162.58
Insurance / mo$150.00$150.00$150.00
MI / mo$115.31$115.31$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,207.89$2,607.63$2,780.98
Cash to close$255,235$38,500$38,500