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$150,305$150,305$323,910
Remaining term (yrs)20.220.230.0
Secondary amount$0$173,605$0
Funding fee$0$0$0
Note rate3.570%3.570%7.320%
Blended rate4.420%6.339%7.560%
1st payment$867.28$867.28$2,225.04
2nd payment$0.00$1,157.36$0.00
Taxes / mo$317.17$317.17$317.17
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$64.78
HOA / mo$206.00$206.00$206.00
Total monthly$1,676.07$2,833.43$2,962.99
Cash to close$209,595$35,990$35,990