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$160,084$160,084$310,500
Remaining term (yrs)21.821.830.0
Secondary amount$0$150,416$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.247%7.560%
1st payment$893.60$893.60$2,132.92
2nd payment$0.00$1,002.78$0.00
Taxes / mo$103.42$103.42$103.42
Insurance / mo$150.00$150.00$150.00
MI / mo$134.16$134.16$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,281.17$2,283.95$2,448.44
Cash to close$184,916$34,500$34,500