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$156,830$156,830$202,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$45,670$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%5.437%7.560%
1st payment$779.73$779.73$1,391.03
2nd payment$0.00$342.53$0.00
Taxes / mo$106.08$106.08$106.08
Insurance / mo$150.00$150.00$150.00
MI / mo$122.24$122.24$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,158.05$1,500.58$1,687.62
Cash to close$68,170$22,500$22,500