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$158,974$158,974$323,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$164,936$0
Funding fee$0$0$0
Note rate3.490%3.490%7.320%
Blended rate4.340%6.204%7.560%
1st payment$825.05$825.05$2,225.04
2nd payment$0.00$1,099.57$0.00
Taxes / mo$83.42$83.42$83.42
Insurance / mo$150.00$150.00$150.00
MI / mo$130.31$130.31$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,188.78$2,288.35$2,523.24
Cash to close$200,926$35,990$35,990