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$141,089$141,089$283,410
Remaining term (yrs)21.721.730.0
Secondary amount$0$142,321$0
Funding fee$0$0$0
Note rate4.610%4.610%7.320%
Blended rate5.460%6.736%7.560%
1st payment$855.18$855.18$1,946.83
2nd payment$0.00$948.81$0.00
Taxes / mo$145.25$145.25$145.25
Insurance / mo$150.00$150.00$150.00
MI / mo$118.02$118.02$56.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,268.45$2,217.26$2,298.76
Cash to close$173,811$31,490$31,490