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$0$0$157,500
Remaining term (yrs)9.29.230.0
Secondary amount$0$157,500$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%8.000%7.560%
1st payment$0.00$0.00$1,081.92
2nd payment$0.00$1,050.00$0.00
Taxes / mo$145.83$145.83$145.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$31.50
HOA / mo$450.00$450.00$450.00
Total monthly$745.83$1,795.83$1,859.25
Cash to close$175,000$17,500$17,500