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$157,153$157,153$225,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$67,847$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.417%7.640%
1st payment$767.76$767.76$1,557.85
2nd payment$0.00$508.86$0.00
Taxes / mo$188.83$188.83$188.83
Insurance / mo$150.00$150.00$150.00
MI / mo$128.66$128.66$45.00
HOA / mo$56.00$56.00$56.00
Total monthly$1,291.25$1,800.11$1,997.69
Cash to close$92,847$25,000$25,000