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$147,661$147,661$396,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$248,339$0
Funding fee$0$0$0
Note rate4.150%4.150%7.400%
Blended rate5.000%6.725%7.640%
1st payment$866.06$866.06$2,741.82
2nd payment$0.00$1,603.86$0.00
Taxes / mo$402.83$402.83$402.83
Insurance / mo$150.00$150.00$150.00
MI / mo$126.20$126.20$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,545.09$3,148.95$3,373.86
Cash to close$292,339$44,000$44,000