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$160,016$160,016$351,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$190,984$0
Funding fee$0$0$0
Note rate3.110%3.110%7.320%
Blended rate3.960%6.158%7.560%
1st payment$761.32$761.32$2,411.13
2nd payment$0.00$1,273.23$0.00
Taxes / mo$394.08$394.08$394.08
Insurance / mo$150.00$150.00$150.00
MI / mo$126.13$126.13$70.20
HOA / mo$490.00$490.00$490.00
Total monthly$1,921.53$3,194.76$3,515.41
Cash to close$229,984$39,000$39,000