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$157,074$157,074$341,999
Remaining term (yrs)18.418.430.0
Secondary amount$0$184,925$0
Funding fee$0$0$0
Note rate3.710%3.710%7.400%
Blended rate4.560%6.420%7.640%
1st payment$975.91$975.91$2,367.93
2nd payment$0.00$1,232.83$0.00
Taxes / mo$139.50$139.50$139.50
Insurance / mo$150.00$150.00$150.00
MI / mo$150.00$150.00$68.40
HOA / mo$163.00$163.00$163.00
Total monthly$1,578.41$2,811.24$2,888.83
Cash to close$222,925$38,000$38,000