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$159,324$159,324$247,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$88,176$0
Funding fee$0$0$0
Note rate3.640%3.640%7.320%
Blended rate4.490%6.097%7.560%
1st payment$843.36$843.36$1,700.15
2nd payment$0.00$661.32$0.00
Taxes / mo$411.17$411.17$411.17
Insurance / mo$150.00$150.00$150.00
MI / mo$130.75$130.75$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,535.27$2,196.59$2,310.82
Cash to close$115,676$27,500$27,500