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$153,191$153,191$373,500
Remaining term (yrs)18.418.430.0
Secondary amount$0$220,309$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.458%7.640%
1st payment$954.93$954.93$2,586.04
2nd payment$0.00$1,422.83$0.00
Taxes / mo$206.58$206.58$206.58
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$74.70
HOA / mo$35.83$35.83$35.83
Total monthly$1,493.39$2,916.22$3,053.15
Cash to close$261,809$41,500$41,500