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$150,861$150,861$297,000
Remaining term (yrs)20.620.630.0
Secondary amount$0$146,139$0
Funding fee$0$0$0
Note rate4.080%4.080%7.320%
Blended rate4.930%6.441%7.560%
1st payment$899.07$899.07$2,040.18
2nd payment$0.00$974.26$0.00
Taxes / mo$168.92$168.92$168.92
Insurance / mo$150.00$150.00$150.00
MI / mo$132.11$132.11$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,350.10$2,324.35$2,418.50
Cash to close$179,139$33,000$33,000