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$87,980$87,980$229,410
Remaining term (yrs)23.623.630.0
Secondary amount$0$141,430$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%6.527%7.560%
1st payment$446.18$446.18$1,575.89
2nd payment$0.00$942.87$0.00
Taxes / mo$506.08$506.08$506.08
Insurance / mo$150.00$150.00$150.00
MI / mo$72.07$72.07$45.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,174.34$2,117.21$2,277.85
Cash to close$166,920$25,490$25,490