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$142,544$142,544$376,200
Remaining term (yrs)20.420.430.0
Secondary amount$0$233,656$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%6.716%7.640%
1st payment$860.71$860.71$2,604.73
2nd payment$0.00$1,509.03$0.00
Taxes / mo$252.17$252.17$252.17
Insurance / mo$150.00$150.00$150.00
MI / mo$125.12$125.12$75.24
HOA / mo$0.00$0.00$0.00
Total monthly$1,388.00$2,897.03$3,082.14
Cash to close$275,456$41,800$41,800