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$166,425$166,425$292,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$126,075$0
Funding fee$0$0$0
Note rate4.460%4.460%7.320%
Blended rate5.310%6.469%7.560%
1st payment$975.49$975.49$2,009.27
2nd payment$0.00$840.50$0.00
Taxes / mo$347.61$347.61$347.61
Insurance / mo$150.00$150.00$150.00
MI / mo$137.01$137.01$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,610.11$2,450.62$2,565.38
Cash to close$158,575$32,500$32,500