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$159,703$159,703$252,000
Remaining term (yrs)22.022.030.0
Secondary amount$0$92,297$0
Funding fee$0$0$0
Note rate4.700%4.700%7.320%
Blended rate5.550%6.814%7.560%
1st payment$967.56$967.56$1,731.07
2nd payment$0.00$692.23$0.00
Taxes / mo$226.25$226.25$226.25
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$50.40
HOA / mo$53.33$53.33$53.33
Total monthly$1,529.29$2,221.51$2,211.05
Cash to close$120,297$28,000$28,000