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$156,708$156,708$315,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$158,292$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%6.209%7.640%
1st payment$829.63$829.63$2,181.00
2nd payment$0.00$1,055.28$0.00
Taxes / mo$628.08$628.08$628.08
Insurance / mo$150.00$150.00$150.00
MI / mo$130.06$130.06$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,737.77$2,793.05$3,022.08
Cash to close$193,292$35,000$35,000