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$158,275$158,275$269,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$110,825$0
Funding fee$0$0$0
Note rate3.780%3.780%7.400%
Blended rate4.630%6.018%7.640%
1st payment$853.46$853.46$1,863.19
2nd payment$0.00$738.84$0.00
Taxes / mo$125.83$125.83$125.83
Insurance / mo$150.00$150.00$150.00
MI / mo$130.06$130.06$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,259.36$1,998.19$2,192.85
Cash to close$140,725$29,900$29,900