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$164,850$164,850$314,910
Remaining term (yrs)22.322.330.0
Secondary amount$0$150,060$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.220%7.560%
1st payment$904.83$904.83$2,163.21
2nd payment$0.00$1,000.40$0.00
Taxes / mo$286.50$286.50$286.50
Insurance / mo$150.00$150.00$150.00
MI / mo$135.85$135.85$62.98
HOA / mo$124.50$124.50$124.50
Total monthly$1,601.68$2,602.08$2,787.20
Cash to close$185,050$34,990$34,990