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$159,495$159,495$216,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$56,505$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%5.847%7.640%
1st payment$924.00$924.00$1,495.54
2nd payment$0.00$423.79$0.00
Taxes / mo$157.67$157.67$157.67
Insurance / mo$150.00$150.00$150.00
MI / mo$139.10$139.10$43.20
HOA / mo$482.00$482.00$482.00
Total monthly$1,852.77$2,276.55$2,328.41
Cash to close$80,505$24,000$24,000