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$148,138$148,138$320,310
Remaining term (yrs)21.921.930.0
Secondary amount$0$172,172$0
Funding fee$0$0$0
Note rate3.240%3.240%7.320%
Blended rate4.090%6.192%7.560%
1st payment$785.40$785.40$2,200.31
2nd payment$0.00$1,147.81$0.00
Taxes / mo$189.08$189.08$189.08
Insurance / mo$150.00$150.00$150.00
MI / mo$122.77$122.77$64.06
HOA / mo$141.67$141.67$141.67
Total monthly$1,388.93$2,536.74$2,745.12
Cash to close$207,762$35,590$35,590