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$158,268$158,268$202,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$44,232$0
Funding fee$0$0$0
Note rate4.530%4.530%7.320%
Blended rate5.380%6.171%7.560%
1st payment$948.09$948.09$1,391.03
2nd payment$0.00$331.74$0.00
Taxes / mo$225.92$225.92$225.92
Insurance / mo$150.00$150.00$150.00
MI / mo$132.08$132.08$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,456.08$1,787.82$1,807.45
Cash to close$66,732$22,500$22,500