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$150,445$150,445$260,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$110,465$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%5.786%7.560%
1st payment$762.97$762.97$1,792.27
2nd payment$0.00$736.43$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$1,742.04$2,478.48$2,700.29
Cash to close$139,455$28,990$28,990