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$147,640$147,640$267,904
Remaining term (yrs)23.123.130.0
Secondary amount$0$120,264$0
Funding fee$0$0$0
Note rate3.780%3.780%7.400%
Blended rate4.630%6.143%7.640%
1st payment$796.12$796.12$1,854.91
2nd payment$0.00$801.76$0.00
Taxes / mo$103.50$103.50$103.50
Insurance / mo$150.00$150.00$150.00
MI / mo$121.32$121.32$53.58
HOA / mo$350.00$350.00$350.00
Total monthly$1,520.94$2,322.70$2,511.99
Cash to close$150,031$29,767$29,767