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$155,479$155,479$260,010
Remaining term (yrs)23.423.430.0
Secondary amount$0$104,531$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%5.799%7.640%
1st payment$805.27$805.27$1,800.26
2nd payment$0.00$696.87$0.00
Taxes / mo$240.75$240.75$240.75
Insurance / mo$150.00$150.00$150.00
MI / mo$127.50$127.50$52.00
HOA / mo$17.25$17.25$17.25
Total monthly$1,340.77$2,037.64$2,260.26
Cash to close$133,421$28,890$28,890