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$157,759$157,759$283,410
Remaining term (yrs)23.023.030.0
Secondary amount$0$125,651$0
Funding fee$0$0$0
Note rate3.490%3.490%7.320%
Blended rate4.340%5.963%7.560%
1st payment$828.25$828.25$1,946.83
2nd payment$0.00$837.68$0.00
Taxes / mo$263.52$263.52$263.52
Insurance / mo$150.00$150.00$150.00
MI / mo$130.81$130.81$56.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,372.58$2,210.25$2,417.03
Cash to close$157,141$31,490$31,490