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$40,965$40,965$170,100
Remaining term (yrs)20.320.330.0
Secondary amount$0$129,135$0
Funding fee$0$0$0
Note rate4.150%4.150%7.320%
Blended rate5.000%7.278%7.560%
1st payment$248.19$248.19$1,168.47
2nd payment$0.00$860.90$0.00
Taxes / mo$40.25$40.25$40.25
Insurance / mo$150.00$150.00$150.00
MI / mo$36.17$36.17$34.02
HOA / mo$320.00$320.00$320.00
Total monthly$794.61$1,655.51$1,712.74
Cash to close$148,035$18,900$18,900