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$160,513$160,513$337,500
Remaining term (yrs)22.522.530.0
Secondary amount$0$176,987$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%6.074%7.640%
1st payment$822.27$822.27$2,336.78
2nd payment$0.00$1,179.91$0.00
Taxes / mo$262.58$262.58$262.58
Insurance / mo$150.00$150.00$150.00
MI / mo$130.71$130.71$67.50
HOA / mo$25.00$25.00$25.00
Total monthly$1,390.56$2,570.47$2,841.87
Cash to close$214,487$37,500$37,500