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$156,687$156,687$242,820
Remaining term (yrs)23.523.530.0
Secondary amount$0$86,133$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.890%7.640%
1st payment$798.11$798.11$1,681.24
2nd payment$0.00$646.00$0.00
Taxes / mo$287.92$287.92$287.92
Insurance / mo$150.00$150.00$150.00
MI / mo$128.60$128.60$48.56
HOA / mo$0.00$0.00$0.00
Total monthly$1,364.62$2,010.62$2,167.72
Cash to close$113,113$26,980$26,980