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$159,982$159,982$323,910
Remaining term (yrs)19.119.130.0
Secondary amount$0$163,928$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%6.355%7.640%
1st payment$979.18$979.18$2,242.69
2nd payment$0.00$1,092.85$0.00
Taxes / mo$299.92$299.92$299.92
Insurance / mo$150.00$150.00$150.00
MI / mo$148.49$148.49$64.78
HOA / mo$510.00$510.00$510.00
Total monthly$2,087.59$3,180.44$3,267.39
Cash to close$199,918$35,990$35,990