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$148,224$148,224$251,910
Remaining term (yrs)18.018.030.0
Secondary amount$0$103,686$0
Funding fee$0$0$0
Note rate4.120%4.120%7.320%
Blended rate4.970%6.217%7.560%
1st payment$966.94$966.94$1,730.45
2nd payment$0.00$691.24$0.00
Taxes / mo$399.17$399.17$399.17
Insurance / mo$150.00$150.00$150.00
MI / mo$141.41$141.41$50.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,657.51$2,348.75$2,330.00
Cash to close$131,676$27,990$27,990