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$152,518$152,518$270,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$117,482$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%6.260%7.640%
1st payment$855.65$855.65$1,869.43
2nd payment$0.00$783.21$0.00
Taxes / mo$137.92$137.92$137.92
Insurance / mo$150.00$150.00$150.00
MI / mo$125.89$125.89$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,269.46$2,052.67$2,211.34
Cash to close$147,482$30,000$30,000