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$117,884$117,884$190,800
Remaining term (yrs)22.422.430.0
Secondary amount$0$72,916$0
Funding fee$0$0$0
Note rate4.350%4.350%7.240%
Blended rate5.200%6.652%7.480%
1st payment$683.82$683.82$1,300.30
2nd payment$0.00$546.87$0.00
Taxes / mo$164.83$164.83$164.83
Insurance / mo$150.00$150.00$150.00
MI / mo$97.30$97.30$38.16
HOA / mo$380.00$380.00$380.00
Total monthly$1,475.95$2,022.83$2,033.29
Cash to close$94,116$21,200$21,200