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$146,987$146,987$359,100
Remaining term (yrs)20.720.730.0
Secondary amount$0$212,113$0
Funding fee$0$0$0
Note rate4.010%4.010%7.400%
Blended rate4.860%6.567%7.640%
1st payment$868.27$868.27$2,486.34
2nd payment$0.00$1,369.90$0.00
Taxes / mo$139.07$139.07$139.07
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$71.82
HOA / mo$58.33$58.33$58.33
Total monthly$1,344.33$2,714.23$2,905.55
Cash to close$252,013$39,900$39,900