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$170,336$170,336$242,100
Remaining term (yrs)22.922.930.0
Secondary amount$0$71,764$0
Funding fee$0$0$0
Note rate3.400%3.400%7.320%
Blended rate4.250%5.658%7.560%
1st payment$888.32$888.32$1,663.06
2nd payment$0.00$538.23$0.00
Taxes / mo$235.37$235.37$235.37
Insurance / mo$150.00$150.00$150.00
MI / mo$141.88$141.88$48.42
HOA / mo$9.17$9.17$9.17
Total monthly$1,424.74$1,962.97$2,106.02
Cash to close$98,664$26,900$26,900