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$149,191$149,191$215,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$66,719$0
Funding fee$0$0$0
Note rate3.850%3.850%7.320%
Blended rate4.700%6.029%7.560%
1st payment$763.22$763.22$1,483.15
2nd payment$0.00$500.39$0.00
Taxes / mo$216.42$216.42$216.42
Insurance / mo$150.00$150.00$150.00
MI / mo$115.32$115.32$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,244.95$1,745.34$1,892.75
Cash to close$90,709$23,990$23,990