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$168,747$168,747$341,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$173,163$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%6.184%7.640%
1st payment$873.99$873.99$2,367.32
2nd payment$0.00$1,154.42$0.00
Taxes / mo$316.58$316.58$316.58
Insurance / mo$150.00$150.00$150.00
MI / mo$138.38$138.38$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,478.95$2,633.37$2,902.28
Cash to close$211,153$37,990$37,990