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$170,971$170,971$259,200
Remaining term (yrs)22.722.730.0
Secondary amount$0$88,229$0
Funding fee$0$0$0
Note rate4.070%4.070%7.320%
Blended rate4.920%6.309%7.560%
1st payment$959.18$959.18$1,780.52
2nd payment$0.00$661.72$0.00
Taxes / mo$267.17$267.17$267.17
Insurance / mo$150.00$150.00$150.00
MI / mo$141.12$141.12$51.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,517.46$2,179.18$2,249.53
Cash to close$117,029$28,800$28,800