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$151,325$151,325$323,999
Remaining term (yrs)20.220.230.0
Secondary amount$0$172,674$0
Funding fee$0$0$0
Note rate3.770%3.770%7.400%
Blended rate4.620%6.421%7.640%
1st payment$888.89$888.89$2,243.30
2nd payment$0.00$1,151.16$0.00
Taxes / mo$166.67$166.67$166.67
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,341.18$2,492.35$2,624.77
Cash to close$208,674$36,000$36,000