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$145,024$145,024$247,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$102,476$0
Funding fee$0$0$0
Note rate4.870%4.870%7.400%
Blended rate5.720%6.664%7.640%
1st payment$924.38$924.38$1,713.64
2nd payment$0.00$683.17$0.00
Taxes / mo$359.42$359.42$359.42
Insurance / mo$150.00$150.00$150.00
MI / mo$123.80$123.80$49.50
HOA / mo$14.00$14.00$14.00
Total monthly$1,571.60$2,254.77$2,286.56
Cash to close$129,976$27,500$27,500