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$143,603$143,603$292,500
Remaining term (yrs)22.222.230.0
Secondary amount$0$148,897$0
Funding fee$0$0$0
Note rate4.810%4.810%7.400%
Blended rate5.660%6.851%7.640%
1st payment$875.18$875.18$2,025.21
2nd payment$0.00$992.64$0.00
Taxes / mo$188.58$188.58$188.58
Insurance / mo$150.00$150.00$150.00
MI / mo$118.02$118.02$58.50
HOA / mo$10.42$10.42$10.42
Total monthly$1,342.20$2,334.84$2,432.71
Cash to close$181,397$32,500$32,500