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$167,240$167,240$323,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$155,860$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%6.209%7.640%
1st payment$893.75$893.75$2,237.08
2nd payment$0.00$1,039.06$0.00
Taxes / mo$103.83$103.83$103.83
Insurance / mo$150.00$150.00$150.00
MI / mo$137.71$137.71$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,285.29$2,324.35$2,555.53
Cash to close$191,760$35,900$35,900