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$150,618$150,618$337,410
Remaining term (yrs)20.620.630.0
Secondary amount$0$186,792$0
Funding fee$0$0$0
Note rate4.020%4.020%7.320%
Blended rate4.870%6.603%7.560%
1st payment$892.81$892.81$2,317.77
2nd payment$0.00$1,245.28$0.00
Taxes / mo$85.25$85.25$85.25
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,260.20$2,505.48$2,620.50
Cash to close$224,282$37,490$37,490