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$147,167$147,167$323,910
Remaining term (yrs)20.720.730.0
Secondary amount$0$176,743$0
Funding fee$0$0$0
Note rate4.050%4.050%7.400%
Blended rate4.900%6.592%7.640%
1st payment$872.46$872.46$2,242.69
2nd payment$0.00$1,178.29$0.00
Taxes / mo$517.67$517.67$517.67
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,668.80$2,847.09$2,975.14
Cash to close$212,733$35,990$35,990