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$157,262$157,262$310,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$153,238$0
Funding fee$0$0$0
Note rate4.590%4.590%7.400%
Blended rate5.440%6.703%7.640%
1st payment$945.21$945.21$2,149.84
2nd payment$0.00$1,021.59$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$150.00$150.00$150.00
MI / mo$130.75$130.75$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,513.46$2,535.05$2,649.44
Cash to close$187,738$34,500$34,500