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$141,026$141,026$283,500
Remaining term (yrs)22.322.330.0
Secondary amount$0$142,474$0
Funding fee$0$0$0
Note rate4.620%4.620%7.320%
Blended rate5.470%6.741%7.560%
1st payment$842.70$842.70$1,947.45
2nd payment$0.00$949.83$0.00
Taxes / mo$214.83$214.83$214.83
Insurance / mo$150.00$150.00$150.00
MI / mo$116.17$116.17$56.70
HOA / mo$495.00$495.00$495.00
Total monthly$1,818.70$2,768.53$2,863.98
Cash to close$173,974$31,500$31,500