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$145,970$145,970$278,910
Remaining term (yrs)20.320.330.0
Secondary amount$0$132,940$0
Funding fee$0$0$0
Note rate4.200%4.200%7.320%
Blended rate5.050%6.456%7.560%
1st payment$888.29$888.29$1,915.92
2nd payment$0.00$886.26$0.00
Taxes / mo$210.00$210.00$210.00
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,376.96$2,263.23$2,331.70
Cash to close$163,930$30,990$30,990