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$152,440$152,440$242,909
Remaining term (yrs)20.820.830.0
Secondary amount$0$90,470$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.333%7.560%
1st payment$889.29$889.29$1,668.62
2nd payment$0.00$678.52$0.00
Taxes / mo$208.45$208.45$208.45
Insurance / mo$150.00$150.00$150.00
MI / mo$133.55$133.55$48.58
HOA / mo$542.00$542.00$542.00
Total monthly$1,923.29$2,601.81$2,617.65
Cash to close$117,459$26,990$26,990