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$159,691$159,691$266,391
Remaining term (yrs)22.922.930.0
Secondary amount$0$106,700$0
Funding fee$0$0$0
Note rate3.770%3.770%7.400%
Blended rate4.620%5.974%7.640%
1st payment$866.10$866.10$1,844.44
2nd payment$0.00$711.33$0.00
Taxes / mo$199.08$199.08$199.08
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$53.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,347.33$2,058.66$2,246.80
Cash to close$136,299$29,599$29,599