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$147,522$147,522$251,100
Remaining term (yrs)22.322.330.0
Secondary amount$0$103,578$0
Funding fee$0$0$0
Note rate4.460%4.460%7.320%
Blended rate5.310%6.420%7.560%
1st payment$866.56$866.56$1,724.88
2nd payment$0.00$690.52$0.00
Taxes / mo$166.83$166.83$166.83
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,305.10$1,995.62$2,091.94
Cash to close$131,478$27,900$27,900