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$165,728$165,728$325,800
Remaining term (yrs)21.921.930.0
Secondary amount$0$160,072$0
Funding fee$0$0$0
Note rate4.500%4.500%7.320%
Blended rate5.350%6.652%7.560%
1st payment$990.04$990.04$2,238.02
2nd payment$0.00$1,067.14$0.00
Taxes / mo$397.17$397.17$397.17
Insurance / mo$150.00$150.00$150.00
MI / mo$138.40$138.40$65.16
HOA / mo$0.00$0.00$0.00
Total monthly$1,675.61$2,742.75$2,850.35
Cash to close$196,272$36,200$36,200