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$149,106$149,106$341,550
Remaining term (yrs)17.917.930.0
Secondary amount$0$192,444$0
Funding fee$0$0$0
Note rate4.120%4.120%7.400%
Blended rate4.970%6.677%7.640%
1st payment$978.75$978.75$2,364.82
2nd payment$0.00$1,282.96$0.00
Taxes / mo$409.58$409.58$409.58
Insurance / mo$150.00$150.00$150.00
MI / mo$143.13$143.13$68.31
HOA / mo$180.00$180.00$180.00
Total monthly$1,861.47$3,144.43$3,172.72
Cash to close$230,394$37,950$37,950