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$152,899$152,899$202,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$49,601$0
Funding fee$0$0$0
Note rate4.170%4.170%7.320%
Blended rate5.020%5.995%7.560%
1st payment$809.38$809.38$1,391.03
2nd payment$0.00$372.01$0.00
Taxes / mo$283.42$283.42$283.42
Insurance / mo$150.00$150.00$150.00
MI / mo$117.66$117.66$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,360.46$1,732.46$1,864.95
Cash to close$72,101$22,500$22,500