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$141,293$141,293$293,102
Remaining term (yrs)20.320.330.0
Secondary amount$0$151,809$0
Funding fee$0$0$0
Note rate4.320%4.320%7.400%
Blended rate5.170%6.636%7.640%
1st payment$868.91$868.91$2,029.38
2nd payment$0.00$1,012.06$0.00
Taxes / mo$227.75$227.75$227.75
Insurance / mo$150.00$150.00$150.00
MI / mo$124.08$124.08$58.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,370.74$2,382.80$2,465.75
Cash to close$184,376$32,567$32,567