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$158,912$158,912$359,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$200,998$0
Funding fee$0$0$0
Note rate4.370%4.370%7.320%
Blended rate5.220%6.633%7.560%
1st payment$964.67$964.67$2,472.33
2nd payment$0.00$1,298.11$0.00
Taxes / mo$282.00$282.00$282.00
Insurance / mo$150.00$150.00$150.00
MI / mo$136.94$136.94$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,533.61$2,831.72$2,976.31
Cash to close$240,988$39,990$39,990