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$162,036$162,036$319,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$157,464$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%6.311%7.640%
1st payment$885.17$885.17$2,212.15
2nd payment$0.00$1,049.76$0.00
Taxes / mo$160.58$160.58$160.58
Insurance / mo$150.00$150.00$150.00
MI / mo$134.23$134.23$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,329.98$2,379.74$2,586.64
Cash to close$192,964$35,500$35,500