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$145,787$145,787$305,910
Remaining term (yrs)15.515.530.0
Secondary amount$0$160,123$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.442%7.640%
1st payment$1,036.10$1,036.10$2,118.06
2nd payment$0.00$1,067.49$0.00
Taxes / mo$327.50$327.50$327.50
Insurance / mo$150.00$150.00$150.00
MI / mo$155.98$155.98$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,669.57$2,737.06$2,656.74
Cash to close$194,113$33,990$33,990