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$156,305$156,305$310,410
Remaining term (yrs)20.920.930.0
Secondary amount$0$154,105$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.353%7.640%
1st payment$905.52$905.52$2,149.22
2nd payment$0.00$1,027.37$0.00
Taxes / mo$109.83$109.83$109.83
Insurance / mo$150.00$150.00$150.00
MI / mo$136.32$136.32$62.08
HOA / mo$4.17$4.17$4.17
Total monthly$1,305.84$2,333.21$2,475.30
Cash to close$188,595$34,490$34,490