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$140,204$140,204$337,410
Remaining term (yrs)16.816.830.0
Secondary amount$0$197,206$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%6.691%7.640%
1st payment$951.60$951.60$2,336.16
2nd payment$0.00$1,314.70$0.00
Taxes / mo$374.08$374.08$374.08
Insurance / mo$150.00$150.00$150.00
MI / mo$141.19$141.19$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,616.87$2,931.57$2,927.72
Cash to close$234,696$37,490$37,490