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$171,024$171,024$276,255
Remaining term (yrs)20.420.430.0
Secondary amount$0$105,231$0
Funding fee$0$0$0
Note rate4.100%4.100%7.320%
Blended rate4.950%6.112%7.560%
1st payment$1,026.30$1,026.30$1,897.68
2nd payment$0.00$701.54$0.00
Taxes / mo$238.50$238.50$238.50
Insurance / mo$150.00$150.00$150.00
MI / mo$150.45$150.45$55.25
HOA / mo$33.00$33.00$33.00
Total monthly$1,598.25$2,299.79$2,374.43
Cash to close$135,926$30,695$30,695