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$143,933$143,933$224,460
Remaining term (yrs)21.921.930.0
Secondary amount$0$80,527$0
Funding fee$0$0$0
Note rate4.600%4.600%7.320%
Blended rate5.450%6.724%7.560%
1st payment$867.79$867.79$1,541.88
2nd payment$0.00$603.95$0.00
Taxes / mo$222.83$222.83$222.83
Insurance / mo$150.00$150.00$150.00
MI / mo$119.90$119.90$44.89
HOA / mo$0.00$0.00$0.00
Total monthly$1,360.53$1,964.48$1,959.61
Cash to close$105,467$24,940$24,940