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$148,952$148,952$287,910
Remaining term (yrs)20.820.830.0
Secondary amount$0$138,958$0
Funding fee$0$0$0
Note rate4.370%4.370%7.320%
Blended rate5.220%6.562%7.560%
1st payment$906.41$906.41$1,977.74
2nd payment$0.00$926.39$0.00
Taxes / mo$268.42$268.42$268.42
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$57.58
HOA / mo$100.00$100.00$100.00
Total monthly$1,553.50$2,479.88$2,553.74
Cash to close$170,948$31,990$31,990