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$155,522$155,522$242,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$86,578$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.692%7.640%
1st payment$745.91$745.91$1,676.25
2nd payment$0.00$649.34$0.00
Taxes / mo$599.83$599.83$599.83
Insurance / mo$150.00$150.00$150.00
MI / mo$125.32$125.32$48.42
HOA / mo$9.58$9.58$9.58
Total monthly$1,630.64$2,279.97$2,484.08
Cash to close$113,478$26,900$26,900