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$158,133$158,133$292,500
Remaining term (yrs)17.817.830.0
Secondary amount$0$134,367$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%6.373%7.640%
1st payment$1,042.91$1,042.91$2,025.21
2nd payment$0.00$895.78$0.00
Taxes / mo$373.00$373.00$373.00
Insurance / mo$150.00$150.00$150.00
MI / mo$152.15$152.15$58.50
HOA / mo$36.00$36.00$36.00
Total monthly$1,754.06$2,649.84$2,642.71
Cash to close$166,867$32,500$32,500