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$157,642$157,642$242,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$85,357$0
Funding fee$0$0$0
Note rate3.160%3.160%7.320%
Blended rate4.010%5.763%7.560%
1st payment$781.60$781.60$1,669.24
2nd payment$0.00$640.18$0.00
Taxes / mo$384.52$384.52$384.52
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,444.79$2,084.97$2,252.35
Cash to close$112,357$27,000$27,000