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$153,088$153,088$274,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$121,412$0
Funding fee$0$0$0
Note rate3.780%3.780%7.400%
Blended rate4.630%6.121%7.640%
1st payment$823.66$823.66$1,900.58
2nd payment$0.00$809.41$0.00
Taxes / mo$416.25$416.25$416.25
Insurance / mo$150.00$150.00$150.00
MI / mo$125.52$125.52$54.90
HOA / mo$118.67$118.67$118.67
Total monthly$1,634.09$2,443.51$2,640.40
Cash to close$151,912$30,500$30,500