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$157,172$157,172$229,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$72,328$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.562%7.640%
1st payment$778.63$778.63$1,589.01
2nd payment$0.00$542.46$0.00
Taxes / mo$114.30$114.30$114.30
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,171.60$1,714.07$1,899.21
Cash to close$97,828$25,500$25,500