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$170,240$170,240$265,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$95,260$0
Funding fee$0$0$0
Note rate3.580%3.580%7.400%
Blended rate4.430%6.070%7.640%
1st payment$903.97$903.97$1,838.27
2nd payment$0.00$714.45$0.00
Taxes / mo$245.83$245.83$245.83
Insurance / mo$150.00$150.00$150.00
MI / mo$141.19$141.19$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,440.99$2,155.45$2,287.20
Cash to close$124,760$29,500$29,500