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$162,665$162,665$211,410
Remaining term (yrs)25.525.530.0
Secondary amount$0$48,745$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%5.930%7.640%
1st payment$860.16$860.16$1,463.76
2nd payment$0.00$365.59$0.00
Taxes / mo$80.25$80.25$80.25
Insurance / mo$150.00$150.00$150.00
MI / mo$125.19$125.19$42.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,215.60$1,581.19$1,736.29
Cash to close$72,235$23,490$23,490