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$169,212$169,212$238,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$69,288$0
Funding fee$0$0$0
Note rate4.000%4.000%7.320%
Blended rate4.850%6.056%7.560%
1st payment$879.68$879.68$1,638.33
2nd payment$0.00$519.66$0.00
Taxes / mo$280.25$280.25$280.25
Insurance / mo$150.00$150.00$150.00
MI / mo$130.52$130.52$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,440.45$1,960.10$2,116.28
Cash to close$95,788$26,500$26,500