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$150,052$150,052$269,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$119,858$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.943%7.640%
1st payment$775.57$775.57$1,868.80
2nd payment$0.00$799.06$0.00
Taxes / mo$198.33$198.33$198.33
Insurance / mo$150.00$150.00$150.00
MI / mo$123.10$123.10$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,247.01$2,046.06$2,271.12
Cash to close$149,848$29,990$29,990