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$157,676$157,676$252,000
Remaining term (yrs)22.022.030.0
Secondary amount$0$94,324$0
Funding fee$0$0$0
Note rate4.720%4.720%7.400%
Blended rate5.570%6.854%7.640%
1st payment$957.04$957.04$1,744.80
2nd payment$0.00$707.43$0.00
Taxes / mo$396.92$396.92$396.92
Insurance / mo$150.00$150.00$150.00
MI / mo$130.41$130.41$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,634.37$2,341.79$2,342.11
Cash to close$122,324$28,000$28,000