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$158,394$158,394$323,010
Remaining term (yrs)21.221.230.0
Secondary amount$0$164,616$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.406%7.640%
1st payment$912.35$912.35$2,236.46
2nd payment$0.00$1,097.44$0.00
Taxes / mo$236.75$236.75$236.75
Insurance / mo$150.00$150.00$150.00
MI / mo$137.01$137.01$64.60
HOA / mo$83.33$83.33$83.33
Total monthly$1,519.45$2,616.89$2,771.14
Cash to close$200,506$35,890$35,890