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$150,471$150,471$268,200
Remaining term (yrs)21.921.930.0
Secondary amount$0$117,729$0
Funding fee$0$0$0
Note rate4.520%4.520%7.400%
Blended rate5.370%6.524%7.640%
1st payment$900.55$900.55$1,856.96
2nd payment$0.00$784.86$0.00
Taxes / mo$580.92$580.92$580.92
Insurance / mo$150.00$150.00$150.00
MI / mo$125.60$125.60$53.64
HOA / mo$22.92$22.92$22.92
Total monthly$1,779.99$2,564.85$2,664.44
Cash to close$147,529$29,800$29,800