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$170,043$170,043$189,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$29,457$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%5.734%7.640%
1st payment$931.03$931.03$1,308.60
2nd payment$0.00$291.50$0.00
Taxes / mo$115.83$115.83$115.83
Insurance / mo$0.00$0.00$0.00
MI / mo$141.19$141.19$37.80
HOA / mo$310.00$310.00$310.00
Total monthly$1,498.05$1,789.55$1,772.23
Cash to close$39,957$10,500$21,000