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$148,408$148,408$341,100
Remaining term (yrs)21.521.530.0
Secondary amount$0$192,692$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%6.830%7.640%
1st payment$891.31$891.31$2,361.71
2nd payment$0.00$1,284.61$0.00
Taxes / mo$205.67$205.67$205.67
Insurance / mo$150.00$150.00$150.00
MI / mo$125.19$125.19$68.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,372.17$2,656.78$2,785.59
Cash to close$230,592$37,900$37,900