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$158,516$158,516$193,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$34,984$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%5.477%7.640%
1st payment$810.92$810.92$1,339.75
2nd payment$0.00$262.38$0.00
Taxes / mo$46.83$46.83$46.83
Insurance / mo$150.00$150.00$150.00
MI / mo$122.52$122.52$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,130.28$1,392.66$1,575.29
Cash to close$56,484$21,500$21,500