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$156,999$156,999$256,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$99,501$0
Funding fee$0$0$0
Note rate3.780%3.780%7.320%
Blended rate4.630%6.325%7.560%
1st payment$846.59$846.59$1,761.98
2nd payment$0.00$746.26$0.00
Taxes / mo$223.00$223.00$223.00
Insurance / mo$150.00$150.00$150.00
MI / mo$129.01$129.01$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,348.60$2,094.85$2,186.28
Cash to close$128,001$28,500$28,500