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$150,779$150,779$225,000
Remaining term (yrs)21.721.730.0
Secondary amount$0$74,221$0
Funding fee$0$0$0
Note rate4.470%4.470%7.400%
Blended rate5.320%6.534%7.640%
1st payment$902.28$902.28$1,557.85
2nd payment$0.00$556.66$0.00
Taxes / mo$199.25$199.25$199.25
Insurance / mo$150.00$150.00$150.00
MI / mo$126.58$126.58$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,378.11$1,934.77$1,952.10
Cash to close$99,221$25,000$25,000