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$147,750$147,750$323,910
Remaining term (yrs)22.522.530.0
Secondary amount$0$176,160$0
Funding fee$0$0$0
Note rate4.060%4.060%7.400%
Blended rate4.910%6.591%7.640%
1st payment$831.80$831.80$2,242.69
2nd payment$0.00$1,174.40$0.00
Taxes / mo$217.58$217.58$217.58
Insurance / mo$150.00$150.00$150.00
MI / mo$122.52$122.52$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,321.91$2,496.31$2,675.05
Cash to close$212,150$35,990$35,990