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$145,316$145,316$310,050
Remaining term (yrs)18.318.330.0
Secondary amount$0$164,734$0
Funding fee$0$0$0
Note rate3.930%3.930%7.400%
Blended rate4.780%6.491%7.640%
1st payment$924.98$924.98$2,146.72
2nd payment$0.00$1,098.23$0.00
Taxes / mo$158.58$158.58$158.58
Insurance / mo$150.00$150.00$150.00
MI / mo$138.40$138.40$62.01
HOA / mo$0.00$0.00$0.00
Total monthly$1,371.97$2,470.20$2,517.32
Cash to close$199,184$34,450$34,450