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$150,580$150,580$301,500
Remaining term (yrs)19.719.730.0
Secondary amount$0$150,920$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.227%7.640%
1st payment$886.12$886.12$2,087.53
2nd payment$0.00$1,006.13$0.00
Taxes / mo$76.85$76.85$76.85
Insurance / mo$150.00$150.00$150.00
MI / mo$138.06$138.06$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,251.03$2,257.17$2,374.68
Cash to close$184,420$33,500$33,500