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$150,008$150,008$260,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$110,902$0
Funding fee$0$0$0
Note rate3.180%3.180%7.320%
Blended rate4.030%5.717%7.560%
1st payment$750.56$750.56$1,792.27
2nd payment$0.00$739.34$0.00
Taxes / mo$255.83$255.83$255.83
Insurance / mo$150.00$150.00$150.00
MI / mo$123.24$123.24$52.18
HOA / mo$450.00$450.00$450.00
Total monthly$1,729.63$2,468.98$2,700.29
Cash to close$139,892$28,990$28,990