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$157,104$157,104$335,250
Remaining term (yrs)18.818.830.0
Secondary amount$0$178,146$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%6.449%7.640%
1st payment$974.68$974.68$2,321.20
2nd payment$0.00$1,187.64$0.00
Taxes / mo$157.58$157.58$157.58
Insurance / mo$150.00$150.00$150.00
MI / mo$147.45$147.45$67.05
HOA / mo$3.33$3.33$3.33
Total monthly$1,433.04$2,620.68$2,699.17
Cash to close$215,396$37,250$37,250