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$159,693$159,693$301,500
Remaining term (yrs)22.622.630.0
Secondary amount$0$141,807$0
Funding fee$0$0$0
Note rate4.080%4.080%7.400%
Blended rate4.930%6.374%7.640%
1st payment$898.77$898.77$2,087.53
2nd payment$0.00$945.38$0.00
Taxes / mo$232.58$232.58$232.58
Insurance / mo$150.00$150.00$150.00
MI / mo$132.07$132.07$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,413.42$2,358.80$2,530.41
Cash to close$175,307$33,500$33,500