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$161,078$161,078$359,100
Remaining term (yrs)21.821.830.0
Secondary amount$0$198,022$0
Funding fee$0$0$0
Note rate4.570%4.570%7.400%
Blended rate5.420%6.843%7.640%
1st payment$970.62$970.62$2,486.34
2nd payment$0.00$1,320.15$0.00
Taxes / mo$81.67$81.67$81.67
Insurance / mo$150.00$150.00$150.00
MI / mo$134.58$134.58$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,336.87$2,657.02$2,789.82
Cash to close$237,922$39,900$39,900