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$141,770$141,770$315,000
Remaining term (yrs)18.818.830.0
Secondary amount$0$173,230$0
Funding fee$0$0$0
Note rate4.020%4.020%7.400%
Blended rate4.870%6.591%7.640%
1st payment$892.81$892.81$2,181.00
2nd payment$0.00$1,154.87$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,466.62$2,621.49$2,685.66
Cash to close$208,230$35,000$35,000