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$153,991$153,991$265,500
Remaining term (yrs)21.821.830.0
Secondary amount$0$111,509$0
Funding fee$0$0$0
Note rate4.590%4.590%7.320%
Blended rate5.440%6.515%7.560%
1st payment$929.62$929.62$1,823.80
2nd payment$0.00$743.39$0.00
Taxes / mo$225.25$225.25$225.25
Insurance / mo$150.00$150.00$150.00
MI / mo$128.60$128.60$53.10
HOA / mo$282.00$282.00$282.00
Total monthly$1,715.46$2,458.86$2,534.15
Cash to close$141,009$29,500$29,500