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$151,214$151,214$265,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$114,286$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.064%7.560%
1st payment$818.51$818.51$1,823.80
2nd payment$0.00$761.90$0.00
Taxes / mo$216.83$216.83$216.83
Insurance / mo$150.00$150.00$150.00
MI / mo$125.19$125.19$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,310.53$2,072.43$2,243.73
Cash to close$143,786$29,500$29,500