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$139,125$139,125$292,500
Remaining term (yrs)17.317.330.0
Secondary amount$0$153,375$0
Funding fee$0$0$0
Note rate4.530%4.530%7.400%
Blended rate5.380%6.754%7.640%
1st payment$963.64$963.64$2,025.21
2nd payment$0.00$1,022.50$0.00
Taxes / mo$314.58$314.58$314.58
Insurance / mo$150.00$150.00$150.00
MI / mo$134.24$134.24$58.50
HOA / mo$243.00$243.00$243.00
Total monthly$1,805.47$2,827.96$2,791.29
Cash to close$185,875$32,500$32,500