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$159,187$159,187$265,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$106,313$0
Funding fee$0$0$0
Note rate3.570%3.570%7.320%
Blended rate4.420%5.854%7.560%
1st payment$840.54$840.54$1,823.80
2nd payment$0.00$708.75$0.00
Taxes / mo$614.92$614.92$614.92
Insurance / mo$150.00$150.00$150.00
MI / mo$131.44$131.44$53.10
HOA / mo$6.25$6.25$6.25
Total monthly$1,743.15$2,451.90$2,648.07
Cash to close$135,813$29,500$29,500