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$156,528$156,528$247,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$90,972$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.249%7.640%
1st payment$853.40$853.40$1,713.64
2nd payment$0.00$682.29$0.00
Taxes / mo$236.17$236.17$236.17
Insurance / mo$150.00$150.00$150.00
MI / mo$129.73$129.73$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,369.30$2,051.59$2,149.31
Cash to close$118,472$27,500$27,500