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$157,861$157,861$197,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$40,049$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%4.972%7.560%
1st payment$763.61$763.61$1,359.50
2nd payment$0.00$300.37$0.00
Taxes / mo$232.75$232.75$232.75
Insurance / mo$150.00$150.00$150.00
MI / mo$126.67$126.67$39.58
HOA / mo$326.00$326.00$326.00
Total monthly$1,599.03$1,899.40$2,107.84
Cash to close$62,039$21,990$21,990