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$167,775$167,775$436,410
Remaining term (yrs)23.923.930.0
Secondary amount$0$268,635$0
Funding fee$0$0$0
Note rate3.160%3.160%7.320%
Blended rate4.010%6.312%7.560%
1st payment$831.84$831.84$2,997.83
2nd payment$0.00$1,734.94$0.00
Taxes / mo$249.58$249.58$249.58
Insurance / mo$166.67$166.67$166.67
MI / mo$136.94$136.94$87.28
HOA / mo$466.00$466.00$466.00
Total monthly$1,851.03$3,585.97$3,967.37
Cash to close$317,125$48,490$48,490