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$152,267$152,267$211,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$59,233$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%5.688%7.640%
1st payment$806.12$806.12$1,464.38
2nd payment$0.00$444.25$0.00
Taxes / mo$257.00$257.00$257.00
Insurance / mo$150.00$150.00$150.00
MI / mo$126.37$126.37$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,339.49$1,783.74$1,913.68
Cash to close$82,733$23,500$23,500