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$160,150$160,150$279,000
Remaining term (yrs)21.221.230.0
Secondary amount$0$118,850$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%6.146%7.640%
1st payment$924.17$924.17$1,931.74
2nd payment$0.00$792.33$0.00
Taxes / mo$176.34$176.34$176.34
Insurance / mo$150.00$150.00$150.00
MI / mo$138.45$138.45$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,388.96$2,181.29$2,313.88
Cash to close$149,850$31,000$31,000