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$156,200$156,200$274,500
Remaining term (yrs)21.521.530.0
Secondary amount$0$118,300$0
Funding fee$0$0$0
Note rate4.450%4.450%7.320%
Blended rate5.300%6.464%7.560%
1st payment$937.25$937.25$1,885.62
2nd payment$0.00$788.67$0.00
Taxes / mo$236.92$236.92$236.92
Insurance / mo$150.00$150.00$150.00
MI / mo$131.80$131.80$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,455.97$2,244.64$2,327.44
Cash to close$148,800$30,500$30,500