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$181,268$181,268$305,100
Remaining term (yrs)20.520.530.0
Secondary amount$0$123,832$0
Funding fee$0$0$0
Note rate4.200%4.200%7.320%
Blended rate5.050%6.247%7.560%
1st payment$1,094.66$1,094.66$2,095.83
2nd payment$0.00$825.55$0.00
Taxes / mo$561.00$561.00$561.00
Insurance / mo$150.00$150.00$150.00
MI / mo$158.56$158.56$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,964.23$2,789.77$2,867.85
Cash to close$157,732$33,900$33,900