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$151,389$151,389$292,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$141,111$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.344%7.640%
1st payment$889.45$889.45$2,025.21
2nd payment$0.00$940.74$0.00
Taxes / mo$229.83$229.83$229.83
Insurance / mo$150.00$150.00$150.00
MI / mo$132.77$132.77$58.50
HOA / mo$66.67$66.67$66.67
Total monthly$1,468.72$2,409.46$2,530.21
Cash to close$173,611$32,500$32,500