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$154,476$154,476$288,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$133,524$0
Funding fee$0$0$0
Note rate4.620%4.620%7.400%
Blended rate5.470%6.643%7.640%
1st payment$943.47$943.47$1,994.05
2nd payment$0.00$890.16$0.00
Taxes / mo$348.08$348.08$348.08
Insurance / mo$150.00$150.00$150.00
MI / mo$130.06$130.06$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,571.61$2,461.78$2,549.74
Cash to close$165,524$32,000$32,000