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$157,798$157,798$184,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$26,702$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%5.451%7.640%
1st payment$820.34$820.34$1,277.44
2nd payment$0.00$200.26$0.00
Taxes / mo$29.42$29.42$29.42
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$36.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,121.47$1,321.73$1,493.76
Cash to close$47,202$20,500$20,500