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$156,650$156,650$292,410
Remaining term (yrs)19.919.930.0
Secondary amount$0$135,760$0
Funding fee$0$0$0
Note rate3.440%3.440%7.320%
Blended rate4.290%6.012%7.560%
1st payment$901.08$901.08$2,008.65
2nd payment$0.00$905.07$0.00
Taxes / mo$90.50$90.50$90.50
Insurance / mo$150.00$150.00$150.00
MI / mo$143.20$143.20$58.48
HOA / mo$377.00$377.00$377.00
Total monthly$1,661.78$2,566.85$2,684.64
Cash to close$168,250$32,490$32,490