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$97,506$97,506$202,500
Remaining term (yrs)20.620.630.0
Secondary amount$0$104,994$0
Funding fee$0$0$0
Note rate4.020%4.020%7.320%
Blended rate4.870%6.493%7.560%
1st payment$577.98$577.98$1,391.03
2nd payment$0.00$699.96$0.00
Taxes / mo$79.83$79.83$79.83
Insurance / mo$150.00$150.00$150.00
MI / mo$85.55$85.55$40.50
HOA / mo$336.00$336.00$336.00
Total monthly$1,229.36$1,929.32$1,997.37
Cash to close$127,494$22,500$22,500