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$146,505$146,505$305,999
Remaining term (yrs)21.221.230.0
Secondary amount$0$159,494$0
Funding fee$0$0$0
Note rate3.940%3.940%7.320%
Blended rate4.790%6.463%7.560%
1st payment$846.99$846.99$2,102.00
2nd payment$0.00$1,063.29$0.00
Taxes / mo$88.33$88.33$88.33
Insurance / mo$150.00$150.00$150.00
MI / mo$126.58$126.58$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,211.90$2,275.19$2,401.53
Cash to close$193,494$34,000$34,000