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$148,113$148,113$332,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$184,797$0
Funding fee$0$0$0
Note rate3.300%3.300%7.320%
Blended rate4.150%6.287%7.560%
1st payment$752.10$752.10$2,286.86
2nd payment$0.00$1,231.98$0.00
Taxes / mo$74.17$74.17$74.17
Insurance / mo$150.00$150.00$150.00
MI / mo$121.64$121.64$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,097.91$2,329.89$2,577.61
Cash to close$221,787$36,990$36,990