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$154,722$154,722$324,000
Remaining term (yrs)20.520.530.0
Secondary amount$0$169,278$0
Funding fee$0$0$0
Note rate4.300%4.300%7.400%
Blended rate5.150%6.639%7.640%
1st payment$942.66$942.66$2,243.31
2nd payment$0.00$1,128.52$0.00
Taxes / mo$75.13$75.13$75.13
Insurance / mo$150.00$150.00$150.00
MI / mo$134.93$134.93$64.80
HOA / mo$50.00$50.00$50.00
Total monthly$1,352.71$2,481.24$2,583.24
Cash to close$205,278$36,000$36,000