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$150,486$150,486$315,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$164,514$0
Funding fee$0$0$0
Note rate3.620%3.620%7.320%
Blended rate4.470%6.314%7.560%
1st payment$802.28$802.28$2,163.83
2nd payment$0.00$1,096.76$0.00
Taxes / mo$416.17$416.17$416.17
Insurance / mo$150.00$150.00$150.00
MI / mo$124.69$124.69$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,493.13$2,589.89$2,793.00
Cash to close$199,514$35,000$35,000