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$165,657$165,657$242,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$77,253$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%5.502%7.560%
1st payment$809.30$809.30$1,668.62
2nd payment$0.00$579.40$0.00
Taxes / mo$82.47$82.47$82.47
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,177.40$1,756.80$1,949.67
Cash to close$104,243$26,990$26,990