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$158,122$158,122$225,000
Remaining term (yrs)22.422.430.0
Secondary amount$0$66,878$0
Funding fee$0$0$0
Note rate4.370%4.370%7.400%
Blended rate5.220%6.344%7.640%
1st payment$918.98$918.98$1,557.85
2nd payment$0.00$501.58$0.00
Taxes / mo$193.42$193.42$193.42
Insurance / mo$150.00$150.00$150.00
MI / mo$130.45$130.45$45.00
HOA / mo$426.00$426.00$426.00
Total monthly$1,818.84$2,320.43$2,372.27
Cash to close$91,878$25,000$25,000