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$152,479$152,479$337,050
Remaining term (yrs)20.420.430.0
Secondary amount$0$184,571$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%6.647%7.640%
1st payment$919.89$919.89$2,333.67
2nd payment$0.00$1,230.47$0.00
Taxes / mo$310.17$310.17$310.17
Insurance / mo$150.00$150.00$150.00
MI / mo$133.88$133.88$67.41
HOA / mo$18.33$18.33$18.33
Total monthly$1,532.27$2,762.75$2,879.57
Cash to close$222,021$37,450$37,450