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$156,401$156,401$341,100
Remaining term (yrs)16.216.230.0
Secondary amount$0$184,699$0
Funding fee$0$0$0
Note rate3.950%3.950%7.320%
Blended rate4.800%6.533%7.560%
1st payment$1,084.13$1,084.13$2,343.12
2nd payment$0.00$1,231.33$0.00
Taxes / mo$306.08$306.08$306.08
Insurance / mo$150.00$150.00$150.00
MI / mo$146.25$146.25$68.22
HOA / mo$38.75$38.75$38.75
Total monthly$1,725.22$2,956.54$2,906.17
Cash to close$222,599$37,900$37,900