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$150,833$150,833$224,100
Remaining term (yrs)22.722.730.0
Secondary amount$0$73,267$0
Funding fee$0$0$0
Note rate4.070%4.070%7.320%
Blended rate4.920%6.254%7.560%
1st payment$846.20$846.20$1,539.41
2nd payment$0.00$549.51$0.00
Taxes / mo$145.42$145.42$145.42
Insurance / mo$150.00$150.00$150.00
MI / mo$124.49$124.49$44.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,266.11$1,815.62$1,879.65
Cash to close$98,167$24,900$24,900