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$143,364$143,364$197,100
Remaining term (yrs)22.422.430.0
Secondary amount$0$53,736$0
Funding fee$0$0$0
Note rate4.410%4.410%7.400%
Blended rate5.260%6.280%7.640%
1st payment$836.37$836.37$1,364.68
2nd payment$0.00$403.02$0.00
Taxes / mo$99.83$99.83$99.83
Insurance / mo$150.00$150.00$150.00
MI / mo$118.17$118.17$39.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,204.36$1,607.38$1,653.93
Cash to close$75,636$21,900$21,900