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$157,139$157,139$310,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$153,361$0
Funding fee$0$0$0
Note rate3.620%3.620%7.320%
Blended rate4.470%6.214%7.560%
1st payment$828.25$828.25$2,132.92
2nd payment$0.00$1,022.40$0.00
Taxes / mo$39.92$39.92$39.92
Insurance / mo$150.00$150.00$150.00
MI / mo$128.72$128.72$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,146.89$2,169.29$2,384.94
Cash to close$187,861$34,500$34,500