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$147,839$147,839$171,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$32,661$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.867%7.640%
1st payment$744.79$744.79$1,183.97
2nd payment$0.00$323.21$0.00
Taxes / mo$233.33$233.33$233.33
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,242.88$1,566.09$1,601.50
Cash to close$42,161$9,500$19,000