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$162,896$162,896$349,200
Remaining term (yrs)22.722.730.0
Secondary amount$0$186,304$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%6.596%7.640%
1st payment$920.08$920.08$2,417.79
2nd payment$0.00$1,242.03$0.00
Taxes / mo$69.00$69.00$69.00
Insurance / mo$150.00$150.00$150.00
MI / mo$134.23$134.23$69.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,273.31$2,515.34$2,706.63
Cash to close$225,104$38,800$38,800