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$152,645$152,645$283,500
Remaining term (yrs)21.021.030.0
Secondary amount$0$130,855$0
Funding fee$0$0$0
Note rate3.780%3.780%7.320%
Blended rate4.630%6.185%7.560%
1st payment$874.00$874.00$1,947.45
2nd payment$0.00$872.37$0.00
Taxes / mo$311.50$311.50$311.50
Insurance / mo$150.00$150.00$150.00
MI / mo$133.19$133.19$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,468.69$2,341.05$2,465.65
Cash to close$162,355$31,500$31,500