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$167,679$167,679$297,000
Remaining term (yrs)19.419.430.0
Secondary amount$0$129,321$0
Funding fee$0$0$0
Note rate3.870%3.870%7.320%
Blended rate4.720%6.148%7.560%
1st payment$1,021.75$1,021.75$2,040.18
2nd payment$0.00$862.14$0.00
Taxes / mo$269.75$269.75$269.75
Insurance / mo$150.00$150.00$150.00
MI / mo$154.00$154.00$59.40
HOA / mo$523.00$523.00$523.00
Total monthly$2,118.50$2,980.64$3,042.33
Cash to close$162,321$33,000$33,000