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$156,173$156,173$238,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$82,327$0
Funding fee$0$0$0
Note rate3.700%3.700%7.320%
Blended rate4.550%6.086%7.560%
1st payment$835.44$835.44$1,638.33
2nd payment$0.00$617.45$0.00
Taxes / mo$189.25$189.25$189.25
Insurance / mo$150.00$150.00$150.00
MI / mo$128.57$128.57$47.70
HOA / mo$89.00$89.00$89.00
Total monthly$1,392.26$2,009.71$2,114.28
Cash to close$108,827$26,500$26,500