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$0$0$156,600
Remaining term (yrs)0.00.030.0
Secondary amount$0$156,600$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%8.000%7.640%
1st payment$774.49$774.49$1,084.27
2nd payment$0.00$1,044.00$0.00
Taxes / mo$55.58$55.58$55.58
Insurance / mo$150.00$150.00$150.00
MI / mo$71.71$71.71$31.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,051.78$2,095.78$1,321.17
Cash to close$174,000$17,400$17,400