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$155,047$155,047$337,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$182,453$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%6.153%7.640%
1st payment$768.11$768.11$2,336.78
2nd payment$0.00$1,216.36$0.00
Taxes / mo$122.33$122.33$122.33
Insurance / mo$150.00$150.00$150.00
MI / mo$126.93$126.93$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,167.37$2,383.72$2,676.62
Cash to close$219,953$37,500$37,500