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$177,376$177,376$306,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$128,624$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%6.215%7.640%
1st payment$995.11$995.11$2,118.68
2nd payment$0.00$857.50$0.00
Taxes / mo$129.03$129.03$129.03
Insurance / mo$150.00$150.00$150.00
MI / mo$146.40$146.40$61.20
HOA / mo$118.00$118.00$118.00
Total monthly$1,538.54$2,396.04$2,576.91
Cash to close$162,624$34,000$34,000