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$155,898$155,898$311,400
Remaining term (yrs)22.822.830.0
Secondary amount$0$155,502$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.298%7.640%
1st payment$845.79$845.79$2,156.07
2nd payment$0.00$1,036.68$0.00
Taxes / mo$310.75$310.75$310.75
Insurance / mo$150.00$150.00$150.00
MI / mo$129.36$129.36$62.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,435.91$2,472.59$2,679.10
Cash to close$190,102$34,600$34,600