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$157,167$157,167$224,100
Remaining term (yrs)19.119.130.0
Secondary amount$0$66,933$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%5.949%7.640%
1st payment$960.32$960.32$1,551.62
2nd payment$0.00$502.00$0.00
Taxes / mo$133.17$133.17$133.17
Insurance / mo$150.00$150.00$150.00
MI / mo$145.99$145.99$44.82
HOA / mo$525.00$525.00$525.00
Total monthly$1,914.48$2,416.48$2,404.61
Cash to close$91,833$24,900$24,900