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$138,415$138,415$283,410
Remaining term (yrs)20.620.630.0
Secondary amount$0$144,995$0
Funding fee$0$0$0
Note rate4.020%4.020%7.320%
Blended rate4.870%6.471%7.560%
1st payment$820.47$820.47$1,946.83
2nd payment$0.00$966.63$0.00
Taxes / mo$306.67$306.67$306.67
Insurance / mo$150.00$150.00$150.00
MI / mo$121.44$121.44$56.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,398.58$2,365.21$2,460.18
Cash to close$176,485$31,490$31,490