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$140,917$140,917$278,910
Remaining term (yrs)18.818.830.0
Secondary amount$0$137,993$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%6.408%7.640%
1st payment$885.97$885.97$1,931.12
2nd payment$0.00$919.95$0.00
Taxes / mo$322.33$322.33$322.33
Insurance / mo$150.00$150.00$150.00
MI / mo$131.45$131.45$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,489.75$2,409.70$2,459.23
Cash to close$168,983$30,990$30,990