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$175,929$175,929$301,500
Remaining term (yrs)22.622.630.0
Secondary amount$0$125,571$0
Funding fee$0$0$0
Note rate4.120%4.120%7.320%
Blended rate4.970%6.232%7.560%
1st payment$993.97$993.97$2,071.10
2nd payment$0.00$837.14$0.00
Taxes / mo$392.25$392.25$392.25
Insurance / mo$150.00$150.00$150.00
MI / mo$145.36$145.36$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,681.58$2,518.72$2,673.65
Cash to close$159,071$33,500$33,500