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$163,144$163,144$346,950
Remaining term (yrs)23.923.930.0
Secondary amount$0$183,806$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%6.063%7.640%
1st payment$797.87$797.87$2,402.21
2nd payment$0.00$1,225.38$0.00
Taxes / mo$54.00$54.00$54.00
Insurance / mo$150.00$150.00$150.00
MI / mo$133.54$133.54$69.39
HOA / mo$0.00$0.00$0.00
Total monthly$1,135.41$2,360.78$2,675.60
Cash to close$222,356$38,550$38,550