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$152,448$152,448$224,010
Remaining term (yrs)25.325.330.0
Secondary amount$0$71,562$0
Funding fee$0$0$0
Note rate3.120%3.120%7.320%
Blended rate3.970%5.577%7.560%
1st payment$724.55$724.55$1,538.79
2nd payment$0.00$536.71$0.00
Taxes / mo$283.17$283.17$283.17
Insurance / mo$150.00$150.00$150.00
MI / mo$119.88$119.88$44.80
HOA / mo$437.00$437.00$437.00
Total monthly$1,714.60$2,251.32$2,453.76
Cash to close$96,452$24,890$24,890