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$144,993$144,993$286,110
Remaining term (yrs)22.422.430.0
Secondary amount$0$141,117$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%6.637%7.640%
1st payment$851.70$851.70$1,980.97
2nd payment$0.00$940.78$0.00
Taxes / mo$101.50$101.50$101.50
Insurance / mo$150.00$150.00$150.00
MI / mo$119.63$119.63$57.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,222.83$2,163.61$2,289.69
Cash to close$172,907$31,790$31,790