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$164,757$164,757$305,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$141,153$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%6.115%7.560%
1st payment$867.16$867.16$2,101.39
2nd payment$0.00$941.02$0.00
Taxes / mo$398.58$398.58$398.58
Insurance / mo$150.00$150.00$150.00
MI / mo$134.27$134.27$61.18
HOA / mo$175.00$175.00$175.00
Total monthly$1,725.02$2,666.04$2,886.15
Cash to close$175,143$33,990$33,990