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$145,925$145,925$166,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$29,825$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%5.228%7.560%
1st payment$701.39$701.39$1,143.74
2nd payment$0.00$295.14$0.00
Taxes / mo$154.17$154.17$154.17
Insurance / mo$150.00$150.00$150.00
MI / mo$117.54$117.54$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,123.10$1,418.24$1,481.21
Cash to close$39,075$9,250$18,500