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$165,689$165,689$265,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$99,811$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.067%7.640%
1st payment$854.44$854.44$1,838.27
2nd payment$0.00$748.58$0.00
Taxes / mo$92.83$92.83$92.83
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,232.90$1,981.48$2,134.20
Cash to close$129,311$29,500$29,500