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$143,888$143,888$283,500
Remaining term (yrs)19.319.330.0
Secondary amount$0$139,612$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%6.422%7.640%
1st payment$892.09$892.09$1,962.90
2nd payment$0.00$930.75$0.00
Taxes / mo$670.50$670.50$670.50
Insurance / mo$150.00$150.00$150.00
MI / mo$131.72$131.72$56.70
HOA / mo$103.00$103.00$103.00
Total monthly$1,947.31$2,878.06$2,943.10
Cash to close$171,112$31,500$31,500