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$169,870$169,870$293,400
Remaining term (yrs)22.622.630.0
Secondary amount$0$123,530$0
Funding fee$0$0$0
Note rate3.840%3.840%7.320%
Blended rate4.690%6.084%7.560%
1st payment$934.04$934.04$2,015.45
2nd payment$0.00$823.53$0.00
Taxes / mo$296.20$296.20$296.20
Insurance / mo$150.00$150.00$150.00
MI / mo$141.30$141.30$58.68
HOA / mo$18.00$18.00$18.00
Total monthly$1,539.54$2,363.07$2,538.33
Cash to close$156,130$32,600$32,600