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$167,550$167,550$288,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$120,450$0
Funding fee$0$0$0
Note rate4.100%4.100%7.400%
Blended rate4.950%6.226%7.640%
1st payment$942.72$942.72$1,994.05
2nd payment$0.00$803.00$0.00
Taxes / mo$217.92$217.92$217.92
Insurance / mo$150.00$150.00$150.00
MI / mo$138.20$138.20$57.60
HOA / mo$100.00$100.00$100.00
Total monthly$1,548.83$2,351.83$2,519.57
Cash to close$152,450$32,000$32,000