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$150,016$150,016$256,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$106,484$0
Funding fee$0$0$0
Note rate4.450%4.450%7.400%
Blended rate5.300%6.421%7.640%
1st payment$880.37$880.37$1,775.95
2nd payment$0.00$709.90$0.00
Taxes / mo$132.75$132.75$132.75
Insurance / mo$150.00$150.00$150.00
MI / mo$123.80$123.80$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,286.92$1,996.82$2,110.00
Cash to close$134,984$28,500$28,500