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$146,068$146,068$314,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$168,842$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%6.353%7.560%
1st payment$777.17$777.17$2,163.21
2nd payment$0.00$1,125.61$0.00
Taxes / mo$98.42$98.42$98.42
Insurance / mo$150.00$150.00$150.00
MI / mo$121.08$121.08$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,146.67$2,272.28$2,474.61
Cash to close$203,832$34,990$34,990