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$157,899$157,899$310,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$152,601$0
Funding fee$0$0$0
Note rate3.260%3.260%7.400%
Blended rate4.110%6.022%7.640%
1st payment$794.79$794.79$2,149.84
2nd payment$0.00$1,017.34$0.00
Taxes / mo$272.08$272.08$272.08
Insurance / mo$150.00$150.00$150.00
MI / mo$129.20$129.20$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,346.07$2,363.40$2,634.02
Cash to close$187,101$34,500$34,500