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$156,049$156,049$215,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$59,051$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.336%7.640%
1st payment$740.03$740.03$1,489.31
2nd payment$0.00$442.88$0.00
Taxes / mo$47.67$47.67$47.67
Insurance / mo$150.00$150.00$150.00
MI / mo$122.76$122.76$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,060.45$1,503.33$1,730.00
Cash to close$82,951$23,900$23,900