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$150,634$150,634$229,410
Remaining term (yrs)21.721.730.0
Secondary amount$0$78,776$0
Funding fee$0$0$0
Note rate4.540%4.540%7.400%
Blended rate5.390%6.630%7.640%
1st payment$907.21$907.21$1,588.39
2nd payment$0.00$590.82$0.00
Taxes / mo$158.17$158.17$158.17
Insurance / mo$150.00$150.00$150.00
MI / mo$126.23$126.23$45.88
HOA / mo$190.00$190.00$190.00
Total monthly$1,531.61$2,122.43$2,132.44
Cash to close$104,266$25,490$25,490