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$147,297$147,297$332,910
Remaining term (yrs)22.422.430.0
Secondary amount$0$185,613$0
Funding fee$0$0$0
Note rate4.460%4.460%7.320%
Blended rate5.310%6.810%7.560%
1st payment$863.38$863.38$2,286.86
2nd payment$0.00$1,237.42$0.00
Taxes / mo$155.08$155.08$155.08
Insurance / mo$150.00$150.00$150.00
MI / mo$121.27$121.27$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,289.73$2,527.15$2,658.53
Cash to close$222,603$36,990$36,990