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$142,030$142,030$278,910
Remaining term (yrs)21.921.930.0
Secondary amount$0$136,880$0
Funding fee$0$0$0
Note rate4.540%4.540%7.400%
Blended rate5.390%6.671%7.640%
1st payment$849.73$849.73$1,931.12
2nd payment$0.00$912.53$0.00
Taxes / mo$228.00$228.00$228.00
Insurance / mo$150.00$150.00$150.00
MI / mo$118.24$118.24$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,345.97$2,258.50$2,364.90
Cash to close$167,870$30,990$30,990