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$157,129$157,129$301,500
Remaining term (yrs)21.821.830.0
Secondary amount$0$144,371$0
Funding fee$0$0$0
Note rate4.520%4.520%7.400%
Blended rate5.370%6.629%7.640%
1st payment$942.49$942.49$2,087.53
2nd payment$0.00$962.47$0.00
Taxes / mo$101.33$101.33$101.33
Insurance / mo$150.00$150.00$150.00
MI / mo$131.45$131.45$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,325.28$2,287.75$2,399.16
Cash to close$177,871$33,500$33,500