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$145,451$145,451$238,500
Remaining term (yrs)22.222.230.0
Secondary amount$0$93,049$0
Funding fee$0$0$0
Note rate4.800%4.800%7.400%
Blended rate5.650%6.957%7.640%
1st payment$885.62$885.62$1,651.33
2nd payment$0.00$697.86$0.00
Taxes / mo$235.92$235.92$235.92
Insurance / mo$150.00$150.00$150.00
MI / mo$119.57$119.57$47.70
HOA / mo$200.00$200.00$200.00
Total monthly$1,591.11$2,288.97$2,284.94
Cash to close$119,549$26,500$26,500