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$147,056$147,056$292,500
Remaining term (yrs)20.420.430.0
Secondary amount$0$145,444$0
Funding fee$0$0$0
Note rate4.100%4.100%7.400%
Blended rate4.950%6.467%7.640%
1st payment$882.47$882.47$2,025.21
2nd payment$0.00$969.63$0.00
Taxes / mo$298.83$298.83$298.83
Insurance / mo$150.00$150.00$150.00
MI / mo$129.36$129.36$58.50
HOA / mo$311.00$311.00$311.00
Total monthly$1,771.67$2,741.29$2,843.54
Cash to close$177,944$32,500$32,500