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$156,845$156,845$251,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$94,255$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.989%7.640%
1st payment$797.07$797.07$1,738.57
2nd payment$0.00$706.91$0.00
Taxes / mo$270.92$270.92$270.92
Insurance / mo$150.00$150.00$150.00
MI / mo$128.43$128.43$50.22
HOA / mo$313.00$313.00$313.00
Total monthly$1,659.42$2,366.33$2,522.70
Cash to close$122,155$27,900$27,900