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$167,081$167,081$280,800
Remaining term (yrs)23.423.430.0
Secondary amount$0$113,719$0
Funding fee$0$0$0
Note rate3.470%3.470%7.320%
Blended rate4.320%5.810%7.560%
1st payment$865.36$865.36$1,928.90
2nd payment$0.00$758.13$0.00
Taxes / mo$810.32$810.32$810.32
Insurance / mo$150.00$150.00$150.00
MI / mo$137.01$137.01$56.16
HOA / mo$0.00$0.00$0.00
Total monthly$1,962.69$2,720.81$2,945.38
Cash to close$144,919$31,200$31,200