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$151,228$151,228$215,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$63,872$0
Funding fee$0$0$0
Note rate3.010%3.010%7.320%
Blended rate3.860%5.386%7.560%
1st payment$738.03$738.03$1,477.59
2nd payment$0.00$479.04$0.00
Taxes / mo$128.67$128.67$128.67
Insurance / mo$150.00$150.00$150.00
MI / mo$123.84$123.84$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,140.54$1,619.58$1,799.27
Cash to close$87,772$23,900$23,900