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$157,498$157,498$238,410
Remaining term (yrs)23.323.330.0
Secondary amount$0$80,912$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%5.928%7.560%
1st payment$820.09$820.09$1,637.71
2nd payment$0.00$606.84$0.00
Taxes / mo$220.83$220.83$220.83
Insurance / mo$150.00$150.00$150.00
MI / mo$129.36$129.36$47.68
HOA / mo$239.00$239.00$239.00
Total monthly$1,559.29$2,166.13$2,295.23
Cash to close$107,402$26,490$26,490