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$150,675$150,675$211,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$60,825$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%5.759%7.560%
1st payment$801.69$801.69$1,452.86
2nd payment$0.00$456.19$0.00
Taxes / mo$204.33$204.33$204.33
Insurance / mo$150.00$150.00$150.00
MI / mo$124.90$124.90$42.30
HOA / mo$400.00$400.00$400.00
Total monthly$1,680.92$2,137.11$2,249.49
Cash to close$84,325$23,500$23,500