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$159,958$159,958$337,500
Remaining term (yrs)21.821.830.0
Secondary amount$0$177,542$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%6.744%7.640%
1st payment$957.70$957.70$2,336.78
2nd payment$0.00$1,183.61$0.00
Taxes / mo$162.67$162.67$162.67
Insurance / mo$150.00$150.00$150.00
MI / mo$133.88$133.88$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,404.25$2,587.86$2,716.95
Cash to close$215,042$37,500$37,500