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$152,624$152,624$418,500
Remaining term (yrs)17.917.930.0
Secondary amount$0$265,876$0
Funding fee$0$0$0
Note rate4.120%4.120%7.400%
Blended rate4.970%6.736%7.640%
1st payment$998.73$998.73$2,897.61
2nd payment$0.00$1,717.12$0.00
Taxes / mo$477.67$477.67$477.67
Insurance / mo$166.67$166.67$166.67
MI / mo$146.06$146.06$83.70
HOA / mo$8.33$8.33$8.33
Total monthly$1,797.45$3,514.56$3,633.97
Cash to close$312,376$46,500$46,500