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$152,386$152,386$332,100
Remaining term (yrs)19.819.830.0
Secondary amount$0$179,714$0
Funding fee$0$0$0
Note rate3.570%3.570%7.320%
Blended rate4.420%6.357%7.560%
1st payment$891.82$891.82$2,281.30
2nd payment$0.00$1,198.10$0.00
Taxes / mo$307.50$307.50$307.50
Insurance / mo$150.00$150.00$150.00
MI / mo$139.46$139.46$66.42
HOA / mo$600.00$600.00$600.00
Total monthly$2,088.78$3,286.87$3,405.22
Cash to close$216,614$36,900$36,900