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$155,652$155,652$310,410
Remaining term (yrs)25.125.130.0
Secondary amount$0$154,758$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.964%7.640%
1st payment$740.53$740.53$2,149.22
2nd payment$0.00$1,031.72$0.00
Taxes / mo$162.17$162.17$162.17
Insurance / mo$150.00$150.00$150.00
MI / mo$123.00$123.00$62.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,175.70$2,207.42$2,523.46
Cash to close$189,248$34,490$34,490