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$156,342$156,342$198,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$41,658$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%5.289%7.560%
1st payment$806.24$806.24$1,360.12
2nd payment$0.00$312.43$0.00
Taxes / mo$134.75$134.75$134.75
Insurance / mo$150.00$150.00$150.00
MI / mo$127.97$127.97$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,218.96$1,531.40$1,684.47
Cash to close$63,658$22,000$22,000