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$158,608$158,608$369,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$210,392$0
Funding fee$0$0$0
Note rate3.090%3.090%7.320%
Blended rate3.940%6.112%7.560%
1st payment$788.04$788.04$2,534.77
2nd payment$0.00$1,358.78$0.00
Taxes / mo$272.17$272.17$272.17
Insurance / mo$150.00$150.00$150.00
MI / mo$128.19$128.19$73.80
HOA / mo$79.17$79.17$79.17
Total monthly$1,417.57$2,776.36$3,109.91
Cash to close$251,392$41,000$41,000