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$146,500$146,500$260,100
Remaining term (yrs)20.320.330.0
Secondary amount$0$113,600$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%6.316%7.640%
1st payment$888.39$888.39$1,800.88
2nd payment$0.00$757.33$0.00
Taxes / mo$411.83$411.83$411.83
Insurance / mo$150.00$150.00$150.00
MI / mo$129.30$129.30$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,579.52$2,336.85$2,414.73
Cash to close$142,500$28,900$28,900