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$151,034$151,034$202,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$51,466$0
Funding fee$0$0$0
Note rate3.490%3.490%7.320%
Blended rate4.340%5.524%7.560%
1st payment$783.84$783.84$1,391.03
2nd payment$0.00$386.00$0.00
Taxes / mo$274.83$274.83$274.83
Insurance / mo$150.00$150.00$150.00
MI / mo$123.80$123.80$40.50
HOA / mo$376.00$376.00$376.00
Total monthly$1,708.47$2,094.47$2,232.37
Cash to close$73,966$22,500$22,500