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$156,229$156,229$279,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$122,771$0
Funding fee$0$0$0
Note rate4.520%4.520%7.400%
Blended rate5.370%6.527%7.640%
1st payment$935.01$935.01$1,931.74
2nd payment$0.00$818.47$0.00
Taxes / mo$151.25$151.25$151.25
Insurance / mo$150.00$150.00$150.00
MI / mo$130.41$130.41$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,366.67$2,185.14$2,288.79
Cash to close$153,771$31,000$31,000