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$154,418$154,418$242,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$88,492$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%5.771%7.560%
1st payment$760.18$760.18$1,668.62
2nd payment$0.00$663.69$0.00
Taxes / mo$185.42$185.42$185.42
Insurance / mo$150.00$150.00$150.00
MI / mo$126.58$126.58$48.58
HOA / mo$5.83$5.83$5.83
Total monthly$1,228.01$1,891.70$2,058.45
Cash to close$115,482$26,990$26,990