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$152,915$152,915$292,500
Remaining term (yrs)19.819.830.0
Secondary amount$0$139,585$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.144%7.640%
1st payment$897.28$897.28$2,025.21
2nd payment$0.00$930.56$0.00
Taxes / mo$276.17$276.17$276.17
Insurance / mo$150.00$150.00$150.00
MI / mo$139.80$139.80$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,463.25$2,393.81$2,509.88
Cash to close$172,085$32,500$32,500